Are we about to see a Ratners moment in the FX markets?
marketdepth.substack.com
As far as business self-immolation goes, no story is quite as good as the Gerald Ratner one. The inheritor of a high-street jewellery chain who had until that point barely put a foot wrong, Mr Ratner managed to torpedo his own company in the most impressive style when making a key-note speech at the Institute of Directors in 1991. With a rhetorical flourish, he asked himself, “How can you sell this [jewellery] for such a low price?” He answered his own question by saying, “because it’s total crap.”
Are we about to see a Ratners moment in the FX markets?
Are we about to see a Ratners moment in the…
Are we about to see a Ratners moment in the FX markets?
As far as business self-immolation goes, no story is quite as good as the Gerald Ratner one. The inheritor of a high-street jewellery chain who had until that point barely put a foot wrong, Mr Ratner managed to torpedo his own company in the most impressive style when making a key-note speech at the Institute of Directors in 1991. With a rhetorical flourish, he asked himself, “How can you sell this [jewellery] for such a low price?” He answered his own question by saying, “because it’s total crap.”