Where were you when you were not very good?

I’ve had a few comments from clients about the lack of mention of the Chelsea vs Forest FA Cup score following my – admittedly rather overconfident – predictions of a resounding Forest victory. So for the record it’s a shame that three lucky goals from Chelsea rather overshadowed both Forest’s utter dominance of that game, and the silky, flowing one-touch football (for which we are famous throughout the East Midlands) on display from us last weekend. Anyway, as this is supposed to be a markets and economics blog, rather than a footballing one, I’d like to refer the Chelsea supporters to Richard Layard’s excellent book Happiness: Lessons from a New Science. Layard concludes – as Chelsea fans are doubtless now discovering for themselves – that money can’t buy happiness. Or as a Forest banner put it even better, "Andriy Shevchenko – £30 million. Two European Cups – Priceless".


The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

Jim Leaviss

Job Title: CIO Public Fixed Income

Specialist Subjects: Macro economics and fixed interest asset allocation

Likes: Cycling, factory records, dim sum

Heroes: Brian Clough, Morrissey, Neil Armstrong

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