Industry punditry serves no one

In one of its final editions of last year, the Financial Times described 2008 as a great challenge f...

In one of its final editions of last year, the Financial Times described 2008 as a great challenge for New Star and John Duffield. If you didn't know better and had read the article in the FT's pink pages, you might have been forgiven for thinking it would have been better placed on the sport pages of a tabloid newspaper. After the recent research note from UBS about the outlook for 2008, the FT felt vindicated to have another go at the story and was joined this time around by many other publications, including Investment Week. The great challenge facing Duffield amounts to the fact t...