Private banks must go back to basics

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From Archive 05 April 2004

By PWM Editor

There’s more to investment than profit, as managers reeling from single-digit returns concentrate on asset structure and supplementary portfolio features.
“It takes a great deal of boldness and a great deal of caution to make a great fortune,” said Nathan Mayer Rothschild of the famous banking dynasty back in 1834. “And when you have got it, it requires 10 times as much wit to keep it.”

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Private banks must go back to basics

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