Karma police out to get passive fund managers
ANALYSIS: Maybe it is karma but it seems that the finance gods tend to punish fund managers, intermediaries, and investors that grandly declare ‘mission accomplished’.
Thom Yorke of Radiohead wrote the song ‘Karma Police’.
Remember when George W Bush gave the ‘mission accomplished’ speech on the deck of the aircraft carrier, the Abraham Lincoln?
It was vintage G Dubya ; he declared, on May 1, 2003, that the war in Iraq had been won and combat operations were “done and dusted”.
We all know what happened next –
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