Here’s one asset manager willing to argue that chasing the short term is against ordinary savers’ interests. ‘The chasing of short term past performance is costing institutional investors anywhere between 80 to 150 basis points a year’ Carol Geremia of MFS Investment Management told … Continue readingThe asset manager who argues against chasing the short term
Over 25 years ago I spent a fascinating week in Silicon Valley, invited by an English venture capitalist to go and meet Intuit and Sequoia Capital and other important valley people. I was struck by the way the law firms and investment advisors worked for … Continue readingCarillion and its advisors: partners or observers in adversity?
This letter appeared in The Financial Times on February 10th, 2001 When Oscar Wilde described a cynic as a man who knew the price of everything and the value of nothing, he was using the word “value” in its proper sense. The authors of … Continue readingA Wildean view of M&S shareholder value
It’s behind the paywall unfortunately but Tomorrow’s Company is featured in this Financial Times article about how to create strong boards by mixing experienced non-experts with experts. The article is entitled ‘Mix know-nothings with know-alls to supercharge your team’. FT subscribers can access the article … Continue readingTomorrow’s Company featured in Financial Times