The Alchemist - The fact is we are all Piigs now!

Since when has hyperbole become a staple of investment analysis?

What has reputedly long been the exclusive reserve of the media is being wrested away by headline-seeking managers keen to add column inches to their depleted bank of achievements. Time was when fund managers were positively actuarial in disposition and delivery. They worked quietly away with numbers, in silence, and probably alone. They made the weather, but declined to issue hourly bulletins. Early entries into the celebrity manager index were “gurus” like Barton Biggs, formerly Morgan Stanley’s gifted analyst, who would never let a mediocre investment story die for lack of a compel...