Comment / Morgan Stanley – easy (money) does it?

ID 4919307 © Pgangler | Dreamstime.com

Last week ahead of my once-every-four-years birthday on 29 February, Morgan Stanley published research on capital allocation that, I reckon, made for compelling reading.

Indeed

It was a welcome present, one followed by another short piece of fixed-income research from Goldman Sachs the day after.

(Before you ask: both 28 Feb and 1 March would have been eligible birthday days in non-leap years.)

The post-party hangover now gone, yes… I think so… uh… I spent a bit of time going through their findings and, ...