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Investment: Sympathy for the devil

Recently, I managed to lose a lot of money. But I’ve since learned a great deal—and discovered some sympathy for Irish bankers

By Andy Davis   March 2011

One morning, a few months ago, I woke up to discover I had turned into an Irish bank. This came as a surprise. I had no more seen my financial crisis coming than had the other Irish banks, and like them I found it acutely embarrassing. Unlike them, unfortunately, I had incinerated a pile of my own money rather than torching someone else’s savings.

I did this spread betting—which, I must stress, is a fun and potentially very profitable activity. They say that in investment, your mistakes teach you far more than your successes. If so, then spread betting offers…

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