Chris Dillow 

Investing in cronyism

Chris Dillow

Chris Dillow

Imagine – if you can – that we lived in an economy with textbook perfect competition, in which profits were continually competed down to a bare minimum. This would be terrible for shareholders: any current decent profits would be only fleeting, and there’d be no hope of growth as profits would only just cover the cost of capital.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now