Prando's Asset Management - Remember, remember

The chairman hears about my damp squib of a first investment. Again

Julian Marr
clock • 3 min read

"So you really don't see a market crash coming?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week. "When did I say that?" he asked.

"In that Sunday Times interview last weekend," I replied. "Crikey," he said. "You'd think that would be something I'd remember." "You said shares were still cheap, markets could continue to soar and that you - and your family - were still pretty much fully invested in equities," I prompted. "Despite what the article called ‘an increasing number of experts predicting a crash', you didn't see the stockmarket at the top at all and, with so much bad news already in the marketplace, it made you think the market was actually cheap." "That certainly sounds like something I'd say," nodded the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: It is 'impossible' to pick out the best asset class every year

PA360: It is 'impossible' to pick out the best asset class every year

‘The outsourced route is one that a lot of advisers are now taking’

Hope Coumbe
clock 26 April 2024 • 2 min read
PA360: Framing of information to investors 'extremely pervasive'

PA360: Framing of information to investors 'extremely pervasive'

Consumer Duty states consumer biases must not be exploited

Jenna Brown
clock 25 April 2024 • 1 min read
Schroders chief executive Peter Harrison to retire in 2025

Schroders chief executive Peter Harrison to retire in 2025

Harrison began his career at Schroders as a graduate in 1988

Cristian Angeloni
clock 24 April 2024 • 2 min read