Economy Mass Media » Requiem for a prudent man

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A fund manager’s career has lessons for today’s investorsIF THE recent credit boom has taught us anything, it is that investors can be persuaded to forget about the risks when the returns look attractive. Sure enough, they are now paying the price.It is a lesson that Tony Dye, a fund manager who died on March 10th, understood only too well. In the late 1990s, he became widely known (and occasionally mocked) as the ?Dr Doom? of the financial markets. It is true that one rarely came away from a conversation with Mr Dye feeling more cheerful about life. On occasions, indeed, he could sound rather paranoid, as when he talked about the ?dark forces? that were propping up the stockmarket. ……
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