A stop to big expenses!!!

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That’s it with large expenses !!!!!!  … here is a news that came out yesterday:

New York:  Crédit Suisse First Boston Tells Bankers to Cut Spending on Deal Trophies, Celebration Dinners.

“Given current market conditions,” said co-heads of investment banking Tony James and Chuck Ward in a memo yesterday to their employees around the world, “Try to keep dinners below $10,000, particularly when no travel is involved.”

… and we are talking US $ here !

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  • Claret Asset Management specializes in offering portfolio management services to high net worth clients. We are completely independent and free of conflicts of interest. Claret was founded in 1996 with the objective of answering the growing needs of private investors.

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