James Klempster: Why investors should beware sporting analogies

May's Champions League football results are unlikely to have passed by even the most football-phobic among Professional Adviser's readership. Victories against the odds for Liverpool and Tottenham were hailed as perfect illustrations of sporting adages such as ‘never give up', ‘it isn't over till it's over' and their ilk. Investment professionals regularly dip into sport for analogies or as a source of inspiration - indeed, I would guess about half of the keynote speakers at investment conferences these days are there by dint of their sporting prowess. The implication is a compelling one...