Gustavo Ballvé on June 22nd, 2011
Banks, Diversified financials, Food for thought, Home, Industries, Investment Themes, Mental models, Portfolio Management, Signal or Noise

Update (June 24th ’11): link to the full report in PDF.

Quick note: Singapore could become the world’s largest wealth management center by 2013, says a PriceWaterhouseCoopers report due out on June 23rd (and this FT/LEX article). More than a lesson in macroeconomics and compound interest (in this case the growth differential between Asia and the rest of the world), in the case of UBS it’s also a powerful reminder of the ages-old saying that “it takes twenty years to build a reputation but only two seconds to lose it”.

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