We haven’t laughed as hard since 2007.
And before that it was around the time you wrote this.
“My favourite share is Anglo Irish Bank. I bought it a number of years ago and have never regretted the purchase.
…One of the attractions to me when I bought it was the known abilities of the team, and the fact that in general, financial stocks tend to do relatively well regardless of the economic cycle.
So, a small stock, undervalued I felt, with talented management, in a defensive sector, aiming for growth . . . in short, ideal.”