Tens of thousands of words have been written of (and shouted at) Perpetual, and the storied fund manager’s ignominious descent deserves every one.

“Ill timed?” “Debt-fuelled”? “Dilutive”? Those aren’t our descriptors but ex-Perpetual star stockpicker Paul Skamvougeras’ (who left in 2022 and let a little loose on LinkedIn over the weekend). We’re sure he (and others) could say much, much more.