Why I used to tell people not to buy my asset class

‘Man bites dog' is supposed to be the ideal headline in the world of journalism. The more unusual the event, the more newsworthy it is.  I guess the equivalent inversion of expectations in my industry would involve a fund manager who tells you not to invest in their asset class. Because of the way we make money, this could either be described as very honest or – more likely – very, very stupid.  So where does that leave the short-duration strategic bond manager who five years ago got himself into a lot of trouble by rubbishing the prospects of the very asset class to which he's now ho...