Defensive trusts
Peter Spiller
has been the extraordinary increase in debt that has been encouraged by abnormally low interest rates ,” he says . “ History suggests the only way to reduce the burden of excessive debt that does not risk a depression is to engage in elevated inflation with moderate nominal rates .” While Spiller currently has no plans to retire , succession planning
“ The important thing is that Alastair [ Laing ] is CEO . And the point is that there is someone who can tap me on the shoulder and say , ‘ you know what Peter , you used to be good ’.”
is already underway , and the trust ’ s co-managers Alastair Laing and Chris Clothier will take over when he steps down . “ The important thing is that Alastair [ Laing ] is CEO ,” says Spiller . “ And the point is that there is someone who can tap me on the shoulder and say , ‘ you know what Peter , you used to be good ’.”
Issue 85 - June 2022 / 25 /