I look back on my time as a wide-eyed markets reporter at the start of my FT career as particularly instructive. I learnt that although I knew next to nothing about global financial markets, no one else seemed to know much either.
My early-morning calls to analysts and fund managers often went along the lines of:
Me: “Why is the Nikkei up today?” Mr Market: “Because Wall Street was up last night.” Me: “So all you highly paid financial whizz kids are simply going to copy what has already happened elsewhere?” Mr Market: “Yeah, sounds about right.”
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