Pearse Doherty (Donegal South West, Sinn Fein)
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Cuirim fáilte roimh Mr. Moran. I was looking at The Irish Timespiece that Mr. Moran had in 2008 looking forward to 2009, when the podcast went off. I am not being paid by The Irish Timesto do that deliberately. It is the second time it has happened, so my apologies.

Mr. Moran has said that in 2005 he suggested to his clients to sell and not buy at that point in time. Clearly they ignored his advice, given that levels of investment by Irish investors increased dramatically in the 2005-06 peak year, and 2007. Why does Mr. Moran believe that they ignored his advice?