Carrot and stick
21 May 2012
Community isn't led by government, so why wait for it to tell you what to do, protests Robert Ashton....
Clearly many people will have lost money in recent days and weeks, but I am sure that as many of the super wealthy will not have done. And even if they have I am not sure they will all be worried. One of my colleagues interviewed a potential donor for a client about two weeks ago. That interviewee described this current situation as "a poor man's crisis."
And he's right; if you have enough wealth to have a reasonable amount in cash - and many of the really wealthy will do - then now is a phenomenal buying opportunity. Barclays is already 20% above its nadir, and is up 12.4% just today.
The rich people who will be hurting are those with lots of their wealth in assets that they can't just sell, like commercial property, and those whose wealth is still tied up in single companies whose shares have tanked recently. Philip Green is not talking with Baugur for nothing.....
The lesson for us as fundraisers: an understanding of the nature of wealth, where it comes from, how people make it and how people hold it. And above all to stick with potential donors through bad times as well as fair ones. When the Korean economy faltered a few years ago the UK Universities that profitted were the ones that kept visiting and kept talking with potential donors. They took the long term view, a bit like Warren Buffet - now he knows a thing or two.....
21 May 2012
Community isn't led by government, so why wait for it to tell you what to do, protests Robert Ashton....
21 May 2012
How do you solve a problem like a pension deficit? David McHattie tackles the issue.
15 May 2012
David Davison mounts his soapbox to call for pensions reform.
24 May 2012
Charities, like businesses should be held to account over their environmental standards, says Katy Wing.
21 May 2012
Community isn't led by government, so why wait for it to tell you what to do, protests Robert Ashton....
17 May 2012
Men may have ruled the political panel, but women packed the punches from the audience in the Civil Society...
15 Oct 2012
15 Oct 2012
15 Oct 2012
19 Nov 2012