The Week That Matters (28 Apr-2 May)

"Private equity firms are typically very dishonest." Warren Buffet

Warren Buffet and Japanese Trading Companies

This might make some of you feel old, but Barings collapsed 30 years ago this year! Nick Leeson may have acted fraudulently on a massive scale, but he can’t take all the blame. Much like Bear Sterns a decade later, the culture of Barings was in serious decay by the mid 1990s. Most senior management were the “n…