Crisis weary rich held nerve in market sell-off

Memories of the panic that engulfed the world after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash for cash during August’s market falls, private bankers said. Bankers and financial advisers to clients whose wealth is measured in millions say most are sticking to their investments through the turmoil in which major stock indexes have suffered double-digit percentage drops.

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