Businessman and financier; Born May 16, 1940; Died October 12, 2008. HISTORY offers poignant examples of men who passed away in the hour of their greatest triumph. One such was Ian Rushbrook, who died suddenly but peacefully at his home in Edinburgh. As Managing Director of Personal Assets Trust (PAT), Ian had over several years become convinced that a major dislocation of world banking and finance was looming. As he said with astonishing prescience to PAT's July 2007 AGM (his lucid and searching expositions of the investment outlook were legendary), "Is the financial world sleepwalking into disaster? No. It's worse than that. It's walking into disaster, wide awake. The Federal Reserve, the US banking system, the US mortgage industry, the investment banks, the hedge and private equity funds, all know what's happening; yet they carry on regardless Credit, debt and liquidity have expanded to extraordinary levels and we are certain this expansion must reverse itself. And the catalyst for such a reversal won't be a butterfly fluttering its wings over Peking. It will be a vulture, glutted on sub-prime mortgages, falling from its perch on a skyscraper over Wall Street."
Businessman and financier; Born May 16, 1940; Died October 12, 2008.
HISTORY offers poignant examples of men who passed away in the hour of their greatest triumph. One such was Ian Rushbrook, who died suddenly but peacefully at his home in Edinburgh.
