The UK papers last weekend were full of the sale of Merlin, the entertainment company, to Kirkbi, who already had a 29% stake in the company. They were especially focused on this comment by Sir John Sunderland, ‘Any news flow, either from the company or because … Continue readingGetting the right purpose depends on having the right ownership
‘The active (fund) management industry does not add value after fees’ says Stuart Dunbar of Baillie Gifford according to The Financial Times. This is a plea to the industry to get back to the fundamentals of long term investing’. And he adds that, except … Continue readingShort termism: is the message getting through?