"There has been some level of mismanagement by the authorities,'' said Habib-ur-Rehman, who manages the equivalent of 6.5 billion rupees in Pakistani stocks and bonds at Atlas Asset Management Ltd. in Karachi. "This may be due to their misperception that they can prevent the market from falling. Investors have to learn to bear losses as they do gains.'' (emphasis added) > This looks like an Onion parody -- but its not! > Surprisingly, no one in Karachi blamed short sellers or rumors . . . Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years. "I have lost [...]
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Updated :
2008-07-20 08:29:36
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