This article appears courtesy of Global Investor.
The ethos at Mercury began as the ethos of Warburgs, recollects Leonard Licht, founding director of Mercury AM. “This was to work hard, be more aware of what was going on in the market than everyone else, and wherever possible not to be part of the establishment.” It’s an ethos that has stood ex-Mercury managers in good stead. Ironically, “Old Warburg himself hated investment management. He didn’t understand it and didn’t want to know anything about it, and yet we were all trained with the Warburg mentality.
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