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Article: Cents and sensibility; Investing.(Lessons for fund managers from Pride and Prejudice)
- Article from:
- The Economist (US)
- Article date:
- May 17, 2003
CopyrightCOPYRIGHT 2003 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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I just love your dividends
Lessons for fund managers from "Pride and Prejudice"
IT IS a truth universally acknowledged that investors can no longer expect rapid capital accumulation from stocks. Since interest rates are low and likely to stay that way, the conundrum is how to ensure a steady income from investments. Mrs Bennet was well acquainted with the problem.
Mrs Bennet, for those unfamiliar with Jane Austen, is the irritating but canny matriarch in "Pride and Prejudice", and has been used in a recent jolly paper* by Guy Monson, a fund manager at Sarasin, a fund-management group, to illustrate the similarities in the investment climate ...