Purple Group blasts away at brokers while Richemont is still waiting for the barbarians at the gate Blasting away at brokersIt is a great relief that Mark Barnes has enough time left over after delivering post to retain his chairmanship of the Purple Group, and to pen another of the ebullient chairman’s letters that are his trademark.Never one to use a sniper rifle when a full 100-cannon broadside can do the job, he takes on the entire asset management and stockbroking industries with his vision of a brave new world of wealth creation that is open to everybody, rich or poor, clued-up or clueless.To massed applause from anybody who’s ever been bored witless by an amateur stockpicker, let alone a professional, he points out that you don’t need to understand an alphabet soup of acronyms to buy a share, and that the days of the industry being stitched up by an insider elite have well and truly been blown away.Purple is following the trend that is dominating business today: that anywhere...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.