Portfolio strategies

This financial crisis is an opportune time to return to a favourite theme of mine, that I have previously covered here in a different context, namely investment performance. (See International Investment, June 2007). The hunt is on for a scapegoat and I can reveal that I have found the real culprit - but you won't like the answer. Greedy bankers stand at the front of the queue to be strung up. How could these Masters of the Universe be allowed to bet their banks and put so many people's livelihood at risk? How could some of the smartest people in the world do something so dumb as to len...