Why No Non Disclosure Agreement? Firstly, the world desperately needs these skills and this information.
Secondly, Jacob Rothschild, of banking fame, once said to me that he would be happy to tell me how he managed to make money in business - he would tell anyone.
Secondly, Jacob Rothschild, of banking fame, once said to me that he would be happy to tell me how he managed to make money in business - he would tell anyone.
I asked him why he would do that.
He told me that he has told many people, but not one of them had been able to copy him.
When I was an investment portfolio manager in the UK I used an entirely new methodology which produced amazing results - see chart. I always went to low risk investments but all carried some risk.
My results made all kinds of headlines in the financial press and competitions were set up to see which of my copycats could produce the best performance. In ten of the 16 published surveys my portfolio was place in pole position.
I was asked by the UK Sales manager of Clerical Medical whether I would offer myself for the post of international fund manager for their offshore business. The post went to an internal person because of staff incentive considerations I was told. One of my portfolios, which rode on the back of their various managed funds, subsequently out-performed their managed fund yet their managed fund won an award for performance. See the chart comparing the two, published by the independent source, Micropal:
The top line is the Ingram performance followed by Clerical Medical, then the UK All Share Index, and finally the World Index |
When I proposed a great new way to protect the public from fraudsters in the UK the idea made headlines and everyone took an interest, not all favourable due to vested interests from the larger firms who thought they could be trusted anyway. But very soon after everything had been agreed in principle, right up to ministerial level, I left the UK. Jacob Rothschild was right, without me there, everything fell apart. See what my good friend Garry Heath has to say about that:
If you do not have time to read all that, Garry, who was responsible to thousands of independent advisers in the UK, as officer in charge of their association, says in the third from last paragraph that 20 years later they have made attempts at doing something similar but nothing nearly as good has emerged. It takes longer and is far from the self-funding, fast, and free method that we had devised.
When I first set up my business in the UK as an adviser arranging mortgages and investments and offering financial advice, the economy stood on the verge of a huge crisis that would push up mortgage interest rates from around 8% to 15% and the stock market crashed by 75%, yet my little business survived. Very few people can claim a track record in business like that.
I also saved at least one businessman whose business was in the hands of the liquidator. He was related to a member of staff. His accountant told him that less than one person in a thousand would have managed to do that.
I trained all my staff and those of a company called Kingdom Asset Management where I set up and managed the leading brand of Unit Trusts for that company. My marketing on television, of those funds, changed the mindset of the whole nation as far as Unit Trusts were concerned, according to a testimonial sent to me by the man who later took over as CEO.
I trained all my staff and those of a company called Kingdom Asset Management where I set up and managed the leading brand of Unit Trusts for that company. My marketing on television, of those funds, changed the mindset of the whole nation as far as Unit Trusts were concerned, according to a testimonial sent to me by the man who later took over as CEO.
SUMMARY
In short, when I do things, they work. When others try to copy, sometimes it works, sometimes not. But anyway I will do it faster and better. See also my Badge of Safety page.
Edward is contactable by email
eingram@ingramsure.com
No comments:
Post a Comment