Gosling's Grouse - Shining example of a poor investment

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Late last year I had the pleasure of interviewing Stephen Harker, manager of the GLGL Japan Alpha fund. Like every good fund manager he makes a convincing argument for investing in his fund and Japan. But, like all top-flight managers, he came up with a nugget that convinced me he meant what he said and was not just repeating a line given to him by the sales and marketing team. He told me one morning last autumn he turned on the Today programme on Radio 4, as he does most days when he is in the UK, and when they got to the business news they did not talk about what the Nikkei had done...

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