"Where on earth have you been the last two weeks?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management. "In mourning," came the reply.
"Oh," I said. "I'm so sorry." "Thank you," he nodded - then, correctly interpreting the look on my face as a request for further information, elaborated: "The news the Manek Growth fund is to close hit me pretty hard." "Really?" I replied. "Of course, it is sad but I wouldn't have thought you would have been that bothered." "How can you say that?" exclaimed the chairman. "If a chap can no longer make a decent go of it as a fund manager after winning a stockpicking competition in a national newspaper, then what does that say about the entrepreneurial nature of our industry? "No - I hav...
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