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Old 12th Sep 2016, 19:57
  #109 (permalink)  
ian16th
 
Join Date: Sep 2008
Location: South Africa
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You went into the computer business in 1965? Please tell me you bought shares in IBM!
Unfortunately not. In those pre-Thatcher days of exchange controls, one had to pay a premium for 'investment dollars'. The buyer was taking a bigger risk on the exchange fluctuations that the underlying investment.
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