Letter # 67, 21th December 2021
Boris Johnson throws Christmas parties amidst Covid lockdown and US senators trade on insider info without ramifications. Different rules apply to those in charge; right?
And if you said ‘who cares’, please reconsider. It’s happening closer to you than you realize.
Asset Management Companies participate on the upside while you bear the downside in markets. That results in immense risk taking. A solution to stop it is out there, but no one will propose it to you.
Jigar writes in Economic Times today deals with this; read here: Investment management: Investment managers should be covered by skin in the game rules – The Economic Times (indiatimes.com)