What piece of research that you have published in the past year are you most proud of?
At Morgan Stanley, our research is a mix of monthly and weekly publications with periodic releases. Of course, new issue research is a main part of our overall research output. This is something we have to do also.
What event in the industrials sector took you most by surprise over the past year?
What took me most by surprise was the pace with which the perceived liquidity issues led to a rapid downgrad