At Tower, we have made our focus the generation of positive returns for our clients. We take ownership of our trade ideas and monitor them continuously. The entry and exit of the trades is our responsibility and we are the first to let our clients know when we are wrong.
We strongly believe that this focus will continue to set us apart from the rest of the market. We are confident of achieving growth even in the most difficult market conditions.
We believe in constant learning with utmost humility.
On the present economic crisis:
We are in the middle of history being made. The present economic crisis is unprecedented. Never before in modern history (during the last 400 years) have we seen the economies of the whole world crumble in unison. The resultant pain and social unrest will be an unpleasant surprise for all of us. The consumer-credit-dependant developed nations will have to change the mindset of their citizens and it may take a generation for them realise that discounting future earnings to fulfill instant gratification is a path to devastation. An end to this crisis may not be in sight until these economies move towards a sustainable growth in domestic savings.
The global impact of this crisis will result in riots, governments falling, regimes being changed and the break-up of countries into smaller nations. Dated 23rd Feb 2009.
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