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FEATURE: Lehmans lessons in quotes
14 September 2009
A snapshot of the lessons to be learned from the Lehmans collapse can be gained by collecting soundbytes from the market
Barbara Ridpath, CEO of the International Centre for Financial Regulation:
“Bankers, regulators and policymakers need to put away their blatant self-interest to arrive at a domestic and international financial regulatory structure which genuinely serves the good of the economy, the private sector and the general population at the same time.”
Marino Valensise, CIO at Baring Asset Management:
“Keep it simple, stick to your core competence, and don’t chase the market higher – the lessons investors learn from any financial crisis.”
Stephen Cohen, director, Montanaro Asset Management:
“At times of extreme crisis government holds all the cards; and government decides who bears the pain and who gets bailed out. Fundamental analysis may then not be investors’ best guide.”
Hendrik du Toit, CEO, Investec Asset Management:
“There’s more to an iceberg than its tip.”
Tony Lomas, lead administrator for Lehman at PwC:
“At Lehman, the risk...
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