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I think the asset management industry, especially in the US, is going through a pretty tough time. If you talk to the CEO of a US asset manager, morale would be at a low, even though stock markets are at almost record levels.
Martin Gilbert
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Martin Gilbert
Age: 78 †
Born: 1936
Born: October 25
Died: 2015
Died: February 3
Biographer
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Military Personnel
Screenwriter
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London
England
Martin John Gilbert
Sir Gilbert Martin
Sir Martin John Gilbert
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More quotes by Martin Gilbert
I think the economy in the US has surprised. The old adage is that if America sneezes, the rest of the world catches a cold. If the US economy does well, the global economy will do well.
Martin Gilbert
I think the issue that millennials have is that the return on asset classes such as bonds, cash, are so low now compared to the historical levels that it's very difficult for them to save enough to be able to retire comfortably. If interest rates do trend back upwards, it may be less of a problem going forward.
Martin Gilbert