On April 5, 2018, I attended the Foundation Financial Officers
Group (FFOG) joint conference with a European foundation
group, EFFIO, in Milan, Italy. The most engaging and erudite
speaker was Russell Napier, a former asset manager with Baillie
Gifford, Foreign & Colonial, and CLSA, and now independent.
Napier founded Electronic Research Interchange (ERIC), a
platform for independent investment research; and edits “The
Solid Ground,” a “global macro report originally published by
CLSA and now published independently.” He presides over a
business and financial history library, the Library of Mistakes, in
Edinburgh; and is the author of Anatomy of the Bear: Lessons
from Wall Street’s Four Great Bottoms.