ft.com/frontpage
Change edition
Remember me on this computer Sign in
June 27, 2011 5:50 pm
A few weeks ago, Mike Farrell, head of Annaly Capital, a New-York based, non-bank finance firm, wrote a letter to his investors that pointed out that "in times of chaos ... those that survive aren't necessarily the biggest or the bravest."
Instead, "the survivors are those that are smart, nimble and, yes, lucky enough to avoid the pitfalls of uncertainty," he declared. "Large banks may be restricted in the types of risk they can take and the businesses they can be in, but ... we are building a company that is prepared to perform through these tumultuous times."
You have viewed your allowance of free articles. If you wish to view more, click the button below.
Copyright The Financial Times Limited 2011. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.
© The Financial Times Ltd 2011 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Printed from: http://www.ft.com/cms/s/efeb2124-a0d4-11e0-adae-00144feabdc0,Authorised=false.html
Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others.
© The Financial Times Ltd 2011 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Privacy policy | Terms | Copyright
Read Full Article »