Crashes And Burns..
FTSE had a record day today…..great news for banks especially, unprecented since the index was invented.
The collapses of institutions that were seemingly un-breakable is something you could arguably put down to over-promise, arrogance and unaccountability. Over extensive periods of time.
Many, many traders (not just short-sellers) have been taking advantage massively – getting away with it and still managing 12 bottles of champers over ‘lunch’.
They have been playing with our money in many cases – with absolutely nothing to hold them back except the decision on what colour the next Porsche will be…
Well not anymore.
I suspect you will see a guy in a pin-stripe suit asking if you want to ‘go large with that’ in the not too distant future.
The fact is, we should now look around us and see what other industries have the above characteristics to them…
Y’know – industries that don’t think they have to change because they are ‘getting away with it’. Gambling with other peoples money.
I think the financial world is only one of the first crashes like this. The next may be in a different industry. Maybe the one you are in. Maybe the one I am in.
Either way – there is a limit to how much you can take the P and get away with it.
A solemn lesson to us all.
People ask me how industries can have major change in a short time where people just keep business as usual.
Well my answer now is ‘look at the financial world’.
It has changed beyond belief. Forever.
An entire re-configuration of a global system. Just over the last week or so.
Mind you – the change happens during the irresponsibility rather than during the net result.
We see the net result but this has been inevitable to the wise few for AGES.
This, my friends, is why I am so passionate about positively changing the advertising industry.
We really and truly should change when we CAN rather than change when we MUST.
Case in point – often the end-game change is really ugly…
And finally – on a lighter note – some sound investment advice from my good friend Brendan in the city:
If you had purchased £1000 of Northern Rock shares one year ago it would now be worth £4.95.
With HBOS – earlier this week – your £1000 would have been worth £16.50.
£1000 invested in XL Leisure would now be worth less than £5.
But if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214.
So based on the above statistics the best current investment advice is to drink heavily and re-cycle.
–
Thanks Brendan – you made my day 
