Tim Price: Investing through the looking glass

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Tim Price: Investing through the looking glass

The financial services industry is unique, writes Tim Price - no other industry in the world compensates its employees so generously while delivering such modest tangible value to its customers or society at large.

Despite the best creative efforts of tens of thousands of extremely well-paid financiers, the former US Federal Reserve chairman Paul Volcker famously suggested that the most important financial innovation...

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