Category: Business

You may remember Gifford, my hedge fund manager friend, who flits between the East and West coasts while managing a long/short equity fund domiciled in the Cayman Islands. He wrote to me and the other investors in his fund this week and I’d like to share what he had to say.

Gordon robbed us shareholders in Lloyds Bank when he persuaded Lloyds TSB (as it then was called) to buy HBOS in 2008. That led to some £20 billion of government (taxpayers) money being injected into the   enlarged bank to keep it solvent. Now George is giving us a chance to get some of our… Continue reading Buy The Bank

Are you feeling, like me, that your shares haven’t being doing much for a while? A few are up, quite a few down, at best “flat lining”.

A friend of mine used to make a speech to new joiners at a prestigious management consultancy where he worked. He got their attention by saying that they were, he assumed, joining the firm for one reason only; to make money.  He went on to tell them that there are three ways to make money;… Continue reading What Does It Cost To Have Your Money Managed?