Bad luck versus imprudence: Take a leaf out of a Lincolnshire farmer's book
Much needed shift in corporate culture needed
Ben Needham, portfolio manager, Ninety One UK Equity Income Fund
The impact of the current unprecedented environment on UK income investors has been well publicised. But as we reflect, it is important to make a distinction between bad luck and imprudence.
My father is a farmer and I admire, in an admittedly biased manner, how he runs his business. Farming is a commodity sector with a cyclical and unpredictable earnings stream attached. Farming is also...
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