Why do rational investors put faith and money with people who clearly have a less than honourable track record? It all gets down to charisma, the ability to convince us to suspend reality. Herald journalist Peter Smark interviewed Bond when Bond Corp was on the verge of collapse. Months later, Smark said: "It was the teeth. They were hypnotic. He opened that mouth, the words flowed like honey and all I could see were gleaming, pearly whites stretching on for miles."
CVI Price at posting:
2.0¢ Sentiment: None Disclosure: Held
