Yeah. Vanguard Group is launching in the UK. Vanguard is well known in the US for its low-cost funds, so there will probably be a price war now with UK asset managers. The managing director of Vanguard Investments UK, Tom Rampulla, has told some newspaper they will be very aggressive.
Aggressive. I'm not sure that's the right way to go in the present climate. I was only speaking to one of the ghosts of the dead financiers last night, a lovely chap by the name of Greg, and he reckons everyone in banking and finance needs to quieten down a bit, and slow down a bit. Basically, reach some sort of cosmic stillness. In such a state, everything will be revealed. At least, that's what Greg says. And Greg's been dead a long time. He knows a few things.