70.2K

Verified Solution

Link Copied!

The client and intermediary who married each other

Reg Cray was a gangster who hired an accountant, Debra Crook, to advise him on the best money-laundering schemes. Such schemes are illegal and both Cray and Crook knew it. Cray was very happy with Crooks advice for many years. One year, a rival gangster tipped off the police about Crays money-laundering and both Reg and Debra were found guilty and jailed. Reg continued to believe Debras advice was excellent. In fact, they got married in jail.

Reality: Aussie wealth firm Koda apologises for pushing Russian stocks by Aleks Vickovich Australian Financial Review Feb 28, 2022

High-profile wealth management firm Koda Capital has apologised for urging clients to take advantage of the crisis in Ukraine after it described Russian stocks as very cheap.

The private wealth firm, which advises some of Australias richest individuals, on Monday responded to community backlash over its recommendation that clients increase their exposure to managed funds invested in Russian companies.

Our overarching view is that Russian stocks have become disproportionately oversold, and that Russia is well-placed to cope with current and likely future sanctions, wrote Kodas investment team in an email sent on Friday, after the start of Russias invasion of Ukraine.

Geopolitical events tend to be short-lived Russian stocks are very cheap on any metric and offer a 20 per cent-plus dividend yield.

Question: Assume Kodas analysis is correct. In providing its advice to its clients, Koda Capital displayed the attributes of a:

Parasite

Pet

Partner

Predator

Answer & Explanation Solved by verified expert

See Answer