"So how are you feeling about your 1% return over just the 17 years?" laughed the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by his office this week.
"Don't try and pretend you wouldn't kill for that sort of long-term track record on a number of Prando's stable of funds," I shot back. "But, since you ask, I'm actually feeling pretty good about it. I admit my approach has hardly been textbook investing and it's certainly not one I would recommend to anybody either personally or professionally. As an exercise in sheer bloody-mindedness, however, I have to admit it is immensely satisfying - except, of course, this now means I have reached my ‘sell' target …" Just to recap on this story, which unfortunately I am not embellishing in any...
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