To Have And To Hold

... The leading wealth management firms generally have few clients from the entertainment industry.  According to David Pullman, a Wall Street financier, "A lot of entertainment and sports people come from poor backgrounds, and their idea of a good investment strategy is to buy five homes."  Mr. Pullman has helped a few rock stars to diversity by selling bonds secured against future earnings from royalties.  The first of these was for David Bowie, so they became known as Bowie Bons (through their creator modestly refers to them as Pullman Bonds).

THE ECONOMIST, June 16, 2001