Your government is the worst investor in the world

The government is considering selling some of its stake in RBS at a huge loss. We should just let them get on with it, says Bengt Saelensminde.

This week the government announced that it is close to selling a big stake in RBS to the biggest sovereign wealth fund in the world. The deal, we learned, could see up to a third of the government's stake sold at almost half the price it paid for it in 2008.

You could almost hear the howls of disapproval.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.