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Beware Impossible Demands of Ultra-Rich Clients, Barclays Says
The world’s richest clients often come with “impossible demands,” push margins down and cause internal conflict with investment banking colleagues, said the vice chairman of Barclays Plc’s wealth management unit.
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Picking Industries Counts More Than Stock Picks: John Dorfman
For much of this year, consumer discretionary stocks were the best performing group in the Standard & Poor’s 500 Index . With the economy reviving, consumers started to came out of their shells, and investors figured that trend would continue.
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