Talent and hard work triumph

As September dawns again and the buckets and spades are packed away for another year, it's as good a time as any to reflect on whether the old cliche "sell in May and go away, come back on St Leger day" has any worth. To take an unashamedly UK-centric example, at the start of May this year, the FTSE 100 index was trading above 6000 points. For FTSE-watchers that may now seem like a golden heyday, as the UK's leading index shed 10% of its value between 1 May and 26 August. And with precious little good news on the horizon from an economic or market perspective, the prospect of a rally betw...