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Aug 31, 1998

Classical economics

Is shareholding democracy a recipe for disaster?

New York seems to be full of Cassandras right now – people predicting the imminent collapse of the market but fated not to be believed. So it came as a bit of a shock to meet a real Cassandra – especially since I had been told her name was Linda when we met. ‘Well, I was christened Cassandra Linda,’ she explained when I looked confused after an old friend of hers had called her Cassie. ‘But when I became a market analyst, I thought it wasn’t entirely appropriate

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