LAST year was a worrying one for many investors, chief executives, central bankers and politicians, as they grappled with the complexities of the worst financial crisis in a decade.
In my recent meetings with clients, a commonly asked question is 'how soon will matters get better'? My response is simple: 'patience is a virtue'. Too many investors are looking for a quick fix, a panacea to current problems. Many have a mistaken belief that there is a quick external answer, that governments or central banks could solve the problems if only they would do a little more. Easy solutions are loudly proclaimed, such as the initial acclaim a few weeks ago for the 'Super Fund' to rescue Structured Investment Vehicles (SIVs) in difficulty. Sadly, while the Fairy Godmother may ...
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