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...

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