Unfortunately this was always on the cards.
This is the standard business/job plan.
All investment managers and professional pickers get bad runs. They all get caught on the wrong foot at some point. Its a fact of life like Night and day and the seasons.
I know professional pickers and fund managers who are worse at picking investments than I am at picking a winner at Royal Ascot (and that is bad!) that are still doing the rounds years later spouting the same crap.
The mistake they all make is overhyping themselves on a bull run to raise new money.
He is about as sorry as chancellors since Gordon Brown are about IR35!
This is the standard business/job plan.
All investment managers and professional pickers get bad runs. They all get caught on the wrong foot at some point. Its a fact of life like Night and day and the seasons.
I know professional pickers and fund managers who are worse at picking investments than I am at picking a winner at Royal Ascot (and that is bad!) that are still doing the rounds years later spouting the same crap.
The mistake they all make is overhyping themselves on a bull run to raise new money.
He is about as sorry as chancellors since Gordon Brown are about IR35!
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