Gosling's Grouse: Climbing the wall of worry

'Never let a good crisis go to waste'

Thanks to Columbia Threadneedle Investments for digging up a useful quote which I think sums up the world we are investing in nicely.

"Never let a good crisis go to waste" which did not originally come from CTI's UK team, Chris Kinder or Richard Colwell, but from Winston Churchill, who in this case seems to have had more insight than even Warren Buffett. CTI has a very simple but powerful table showing the performance of the FTSE 100 over nearly three decades, which reveals how resilient the benchmark index has been in the face of what we all call crises. Managers warn of Lehmans 2.0 as risks transferred to investors Looking back, the original 'black' stockmarket day was Black Tuesday on 19 October 1987. The FTSE...