Heard at Davos - Boring is good
Hello from the World Economic Forum meetings at Davos. I’ll be posting some of the interesting things I’ve heard this week.
From Victor Blank, the Chairman of Lloyds of London on the current financial crisis:
“Some years ago we had a near-death experience. We found the solution is being boring. Boring is good. People say what’s happened to you in the current crisis? We say we’re fine. We became very boring. We have our capital intact.”
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