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View the article online at http://citywire.co.uk/wealth-manager/article/a759485

Too much regulation? There ought to be a rule against it

by Rupert Caldecott on Jun 30, 2014 at 12:09

And while the powers that be in these august institutions lecture their staff on proper behaviour and their institution’s high standards, they seek mammoth sums from shareholders to pay fines and legal costs, and no doubt themselves.

They won’t be getting my clients’ money.

Another challenge: confess, dear reader, has any among you not sat in front of an internal corporate missive from on high in recent years and thought it patronising, inane drivel?

Do let me know. I have seen and heard some stunning examples and would like to augment my collection.

Sadly, if you persist in treating people as idiots, they will eventually, in some way or another, start to behave like idiots, even if they have a PhD in nuclear physics, have written an exquisite monograph on Proust or even fought in the third crusade.

Fortunately for all, I am leaving shortly on one of my periodic retreats to the valley of the Lot.

I hope to find it in better nick than of late – not that it seems to make much difference among the ripening vines.

Rupert Caldecott is a fund and private client manager at Dalton Strategic 

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