When the grass is always greener

The chairman attends the AITC dinner and outlines his theory for the split caps disaster

"I have a theory," announced the chairman of the insignificantly-sized investment company SmallBlue Planet as we enjoyed another couple of post-prandial glasses of finest Szymanowski at the recent AITC dinner. "I say theory," he continued. "But I suppose it would be more accurate to say I have the beginnings of a theory. I haven't quite pinned it down yet but I'm almost certain you can tell something about the prevailing mood of the investment trust industry by the choice of speaker at this event. Just look at the past couple of years. "For example, in 2002, we had the diminutive round-th...