Monday 23 May 2011

High & well-heeled charlatans - Charmingly corporate!!

Woefully out-of-touch with the modern world, the investment industry, generally notorious for its extravagance, stubbornly clings to its silk-stocking past. For an industry laid bare, ridiculed and despised I can't help but mourn the corporate arrogance. Extravagance for the sake of extravagance wrapped, labeled and packaged as 'value-add' / good service is unfashionably vulgar.

Designer suits, shoes and bags considered costume de rigueur by HR departments for front-line investment staff, predispose an industry arrogance, thoroughly undeserved. Marbled floors and gilded ceilings exceeding appropriate levels of decorum, belie true service. Potential clients lured by 'other-worldly' decor perpetuate this visual myth. It's cheap trickery and the prelude to the conjuring spell that is Act 2 which casually introduces costumed actors draped in silk cloth posed across oak tables. They'll sprout 'house-view' or 'our analyst says' or 'informed research dictates..'  Caveat! 

I say again, don't be fooled! Resist the obvious and ask the right questions....




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