Nigel said:

Essence of our mandate offering

“There are times when the burden of taking other people’s money forces you to be active when you don’t really have conviction. Its gives a sense of pressure and expectation. When it’s your own money you don’t have to do anything.” (Tony James, President of Blackstone, commenting on Stanley Druckenmiller’s decision to wind up his hedge fund. As reported in The Financial Times).

Tuesday, August 24th, 2010

Yes or no?