‘Everyone makes money in a boom’ and ‘every deal is a winner’ are statements that ought to be consigned to that list of other great lies, such as the ‘cheque is in the mail’ – a point that close observers of the deals of 2005 will have noted.

‘Everyone makes money in a boom’ and ‘every deal is a winner’ are statements that ought to be consigned to that list of other great lies, such as the ‘cheque is in the mail’ – a point that close observers of the deals of 2005 will have noted.