O'Reilly logo

Simple But Not Easy: An Autobiographical and Biased Book About Investing by Richard Oldfield

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 9 – How to be a successful client

The worst client I have ever had was a charming businessman. He was a friend of the chairman of the merchant bank, Warburgs, and also of the chairman of Mercury Asset Management, for which I worked and which was at the time majority owned by Warburgs.

Rodney used to ring me every day to talk about the state of the market and find out what I had done in his portfolio. Invariably he homed in with flawless instinct on the bits of the portfolio about which I felt most defensive because something had gone wrong. On one occasion he rang, reversing the charges, from South Africa.

“Did I hear you say, my boy, that you bought me some IBM yesterday?” He had observed that the price of IBM had gone down $4 overnight, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required