Traders at the New York Stock Exchange: we need to think in terms of our future wellbeing, not just nominal returns. Photograph: Brendan McDermid/Reuters

  • suspend belief in unprovable economic theory and employ those most intrinsic British qualities: common sense and moral compass.
  • Since I am by profession an investor, let me start by asking a rather simplistic question: what is the purpose of investment? Common sense would surely steer one away from what most assume Milton Friedman’s answer would be – to maximise financial returns within the bounds of the law.

Traders at the New York stock exchange

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