And (a business thought) assets like Mr Figo that may just walk away.
Mr von Mueffling thought his team deserved far more, having hauled in half of LAM's profits last year despite having only one-twelfth of its assets under management.Lazard thought this greedy.
On the contrary, not all country dwellers are Tories; and fat cats, often Tory, will be rubbing their hands at the thought of asset-stripping another national resource.
So even if they started with a well-thought-out asset allocation, they allowed the market to skew it.
Dan, I get and appreciate all your thoughts on asset allocation and low-cost index investing.
Think of those elements of beauty as thought-assets and add the eleven thousand or so delegates participating together with the local population, tourists and others and imagine the stories they combine to tell -- stories forming in our heads and being shared in conversation, in picture, online, in-person, by phone -- tweeted, blogged, e- mailed.
Sadly for them, such stocks have been in a long slump.A more worrying thought for big asset-management firms is that Fidelity could be suffering from "information leakage"—the inability to capture all the profits from investment ideas because others track or even anticipate its trades.
For the left and the centre, the call for mansion taxes can sound rather more punitive in tone: for those who dislike the rich and suspect them of successfully dodging taxes, there is a lip-smacking relish to be had at the thought of taxing assets that cannot be physically moved to Jersey or Lichtenstein.But there is a momentum here that cannot be ignored.Is this a good thing?
The royals are an enormous asset to charities – but with more thought and a better strategy it could be even more so.
Even though bitcoin and gold are both thought of as alternative assets, they don't usually trade in correlation.
