Prando's Asset Management - 50's shade of grey

"Why would you automatically assume we would issue one?" he replied. "Because pretty much every other fund house in the country has," I shrugged. "It seems unlikely Prando's would be the exception." "I feel I should be more insulted by that comment than I actually am," said the chairman. "But, as it happens, I hold in my hand a piece of paper …" "Unfortunate choice of words," I observed. "As it happens," repeated the chairman, giving me a dirty look, "I hold in my hand a piece of paper, which contains our carefully considered views on the economic and investment implications of the trigg...