September 16, 2008
Guru is saddened to read of the demise of Lehman Brothers and sends out his commiserations to all the fat-cat, money-grabbing, short-term gains specialists at the company.
He would also recommend the firm's website (www.lehman.com) for a comedy award.
According to its own mission statement 'one firm, defined by our unwavering commitment to our clients, our shareholds and each other... to build unrivalled partnerships... through the knowledge, creativity, and dedication of our people, leading to superior returns for our shareholders'.
What a bunch of lehmans.
Talking of which...
Yours Truly's true sympathies lie with the real Lemon Brothers, a small troop of Bulgarian circus performers currently touring through deepest rural France with a scruffy camel and two macaque monkeys.
Quite how they will find work now that people are confusing them with the lemons at Lehmans is difficult to guess.
Talking of clowns, Guru also notes that the big-shoed, curly-wigged, Coco wannabes at Business Week magazine put Lehman Brothers in the top 50 of its annual ranking of best performing companies.
Anyone with any interest in firms below Lehmans in that list - that's 27 companies to steer clear of - ought to seriously rethink their investment strategy.
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