Tim Price

Articles from Tim Price

  • LOSING THE LOSER'S GAME

     “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”   - Ernest Hemingway.   “Recovery in sight, says departing Bank of England governor Mervyn King..”   - The Daily Telegraph.  In one of the most powerful and memorable metaphors in finance, Charles Ellis, the founder of Greenwich Associates, cited the work of Simon Ramo in a study of the strategy of one particular sp ... ..read more
  • A GREEK TRAGEDY

    “In money management what sells is illusion of certainty. The truth (i.e. we don’t know much) is a more difficult sale, but a better investment.”   - Tweet from Piet Viljoen RE: CM asset managers.   “A woman was trying to read If deposits were still guaranteed If her bank would consign To Frankfurt am Main Or Cyprus would have to secede.”  - Tweet from Dr. Goose   “..a quite outstanding week’s work by the Troika [ECB, EC, IMF]. Take a moment to realise the scale of what’s been done here. No human ... ..read more
  • GREAT EXPECTATIONS

    “Brazil bank strike Central bank staff are striking for a 23% pay deal to keep pace with inflation, even though one of the institution’s key roles is to curb inflation.” - FT News Briefing.The Chinese apparently have a saying: a man who cannot smile should not open a shop. The same logic doubtless holds in asset management, too. Expressing a downbeat or even wary opinion about financial markets or the economic environment hardly acts like a tractor beam for clients, even and especially when caution might be preferred to gung-ho all-in investment. But investors should be ... ..read more
  • PLAYING TO WIN

    “Sir, In their eagerness to impose upon us their plan to force upon society a state of compulsory and near-permanent recreation, Robert and Edward Skidelsky ignore the fact that working to enhance one’s ability to consume, rather than settling for what others might deem to be adequate, is a fundamental aspect of personal happiness (“Enough is enough of the age of consumption”, July 5); and that it is, in fact, the primary reason that billions of people can choose which of the unparalleled range of today’s goods and services best suit them. “Indeed, pe ... ..read more
  • LIBOR PAINS

    “It was when Nick Clegg joined the campaign against Bob Diamond that I started to feel a sliver of sympathy for the now former-boss of Barclays. Not very much sympathy, mind. Just a tiny bit. But put yourself in Bob Diamond's hand-made crocodile-skin loafers for a moment. You build a business from scratch (Barclays Capital), you dodge the worst of the financial crisis that took down your rivals, you become top-man at Barclays and then you end up being lectured by the leader of the Lib Dems.” - Iain Martin in The Daily Telegraph. “With one in ten of the nation&rsquo ... ..read more
  • A KIND OF MAGIC

        “SIR – What is the best solution to Europe’s banking crisis ? Greece-proof paper.”     - Letter to The Economist from Celia Turner, London.   There were plenty of reminders of the gravity of the underlying situation during the past week, for anyone that cared to look. The financial markets had already moved on from paying any attention to the €100 billion of ‘mystery money’ earlier pledged to support the Spanish banking system. The euro zone patient remained in intensive care with no obvious palliative reme ... ..read more

Tim Price graduated with a BA in English Language and Literature from Christ Church, Oxford University, in 1991, and entered the City as a bond salesman. Having worked at Paribas Capital Markets and Merrill Lynch International, in 2001 he helped to set up an award-winning investment management department at private bank Ansbacher & Co.
 
Tim has been shortlisted in the Private Asset Managers Awards programme for five successive years, and was a winner in 2005 in the category of Defensive Investment Performance. In 2007 he was nominated in the inaugural Spear’s Wealth Management Survey’s High Net Worth Awards in the category of Asset Manager of the Year.
 
Tim writes a weekly investment commentary which is freely available to clients. He also writes widely for the financial press and has recently written or featured in The Economist, The Financial Times, Investors Chronicle, and the Wall Street Journal. He is a regular contributor to Money Week magazine.

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