We all know there is no such thing as a free lunch, yet we seem to be past masters at procuring them. The origin of the phrase is supposed to come from the Wild West, where saloons offered a “free lunch” to those who bought drinks. Portfolio managers know that both the food and the drink and a lot more besides comes for free, if you play your cards right.
One of the oldest jokes in the City is about the difference between a fund manager and a shopping trolley; a joke to which there are two punch
The week on Risk.net, July 7-13, 2018Receive this by email