Aug. 12, the date of this issue of FORBES, ushers in a most beloved annual tradition among Britain’s upper class: annual bird-shooting season. This multiday Scottish holiday is best savored with a beloved Labrador at your side and 20-gauge shotgun in hand. The bird of choice is, of course, a red grouse. The season for other prime fowl, such as partridge, pheasant and duck, starts later. And for the less gentlemanly? It’s open season on the common snipe.
From an investor standpoint Great Britain has been plagued by snipes who have bad-mouthed the U.K.–which represents 9% of the world stock market–for years. Skeptics complain about its being too much like America, with all of the bad parts and none of the good ones: internal problems, no growth, no hope. Continue Reading »