Jamie Carr Columnist

In these uniquely challenging times, investors may be a little disappointed to discover that the unicorns they had been chasing with such alacrity were little more than a bunch of spavined donkeys with a fake horn stuck on the front.

There have of course been some high-quality companies created in recent years, but at the frothier end of the market there’s a lot of highly priced rubbish and a flight to quality will see a return to antiquated concepts like the ability to make a profit.

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