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Privatisation was not, as many people believe, the end of a story. Rather it was the beginning of a new chapter in the organisation of major British industries and in the relationship between those industries and the government and community. FT, 7.2.01	Buy as bankers move from denial to depression (Financial Times 07 May 2008) Although the progress of grief is predictable, it is also slow. Sell on denial, buy on depression, was my advice to investors last year and it looks still valid today. In times of complexity, common sense must prevail (Financial Times 09 April 2008) Confidence in the models used for risk management in financial institutions is a casualty of the credit crunch. Only information from outside the model – what we call general knowledge and common sense – enable us to judge the validity of the model itself. How I blew my money on the wrong video discs (Financial Times 02 April 2008) There are historic lessons to be learnt from the recent high definition format war: the importance of the installed base and the unpredictability of consumer markets. A fall in prices can often be good news (Financial Times 06 February 2008) Asset prices are a measure less of our wealth than of our propensity for self-congratulation. The net effect is only a transfer between the existing owners and the prospective owners. Words of comfort for the grieving investor (Financial Times 14 November 2007) Perhaps the most difficult of investment lessons is that inaction is often the best action. Read more articles from 'Firms, industries & markets' ... ^ back to top
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