Age before beauty

Much is said about due diligence and it has become quite a sophisticated science in recent years ' assuming it was done in the first place.

But listening to Daniel Kramer's speech on fraud at the Milan conference hosted by Borsa Italiana earlier this month, due diligence is quite a simple process ' or at least the starting point is.

Do not invest with a manager in their early 20s, who has dropped out of university and has no experience in the market, he said.

Perhaps he might have added one of the

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