David Stevenson’s Adventurous Investor column in FT Money is always interesting and often useful. Last weekend he was worrying that equities might be getting over-valued.
I write these posts for fun. Only a few, but you are a cherished few, read them. When there are comments I’m delighted – they are usually much brainier than my post . So what could possibly go wrong?
The phoney war’s almost over, in a few days we will face the crunch. I am realistic about the complexity and pessimistic about the effect of the UK’s departure from the EU.
There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat, And we must take the current when it serves, Or lose our ventures.
No doubt about it, going to Eton makes you grow up fast. Aged thirteen you choose what newspapers and magazines you want delivered, open a bank or, in my case, a Post Office account and pick a tailor.
For about seven years in the early 1990s I was a Name at Lloyd’s. It conferred privileges and obligations. Among the former, being able to use the Members’ Writing Room to sleep in at lunchtime. A tedious obligation was to write a cheque annually in my first few years to pay my losses.