The chaiman has lots of principles - they're just not the same as everyone else's
"Did you know that the retail financial services industry spent £1.2bn in 2005 advertising products and services?" I asked the chairman of the insignificantly-sized investment group SmallBluePlanet as we enjoyed a pint or two of Taubsten Nils at The Now That's What I Call Long-Term Investing. "Is that all?" he replied. "Some companies seem to spend that much by themselves. And judging from the bills my so-called creative types land on me, I'd have thought the industry as a whole was spending loads more than a billion and change." "Nevertheless, the figure's for real," I said. "It must be ...
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