Dumb investors | FT Alphaville

Dumb investors

From the FT:

Bank stocks are seen as a “dumb” place for investors to put their money, according to the head of part-nationalised Royal Bank of Scotland.

In an often tetchy interrogation by the Treasury select committee on Wednesday, Stephen Hester, RBS’s chief executive, said: “I’d be very interested to see the investor who is prepared to put more capital towards UK banks. All of them are thinking that’s a dumb place to put capital.”

Meet the dummies, Mr Hester.

From RNS:

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