Mundy: The dangerous need for an investment 'narrative'

I have never quite lost the snooker bug, so this year, happy to assist my son in avoiding GCSE revision, I took up my usual armchair seat for the World Championships.

I had always felt Stuart 'ball-run' Bingham was a talented player who had just never quite had his day, so I placed a modest bet on him at 66/1. As luck would have it, Bingham was in the form of his life and battled into the final where after a tense match (for me, not him) he eventually won. What can contrarians learn from the Impressionists? As the tournament progressed, I started to tell an increasing number of people about the bet and bored them with the analysis I had undertaken prior to the tournament. By the time he took the crown, I was assuring anyone who was still list...