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During this crisis, we're all finding ourselves a bit short of cash. By way of example, the UK National Lottery has just announced a special draw to support RBS with a £5 m,illion prize fund ... if you win, you get £5 a year for a million years!
Walking through Waterloo the other day, I saw a couple of down-and-outs sitting with their hands held out for pennies.
I says, "I'll give £10 to whoever is the laziest of you."
The first says, "Give it to me then, as I am the laziest."
We have several national British Treasures: Buckingham
Palace, the Queen, the Houses of Parliament, Bruce Forsyth, Chicken Tikka Masala;
but a new one is bidding for glory. Sir Mervyn
King, the outgoing Governor of the Bank of England.
Like others in the conference hall, I felt a sense of awe as
the world’s greatest living explorer, Sir Ranulph ‘Ran’ Fiennes, took to the
stage to recount some of the stories about his life and travels, including the day he was in court over trying to rob a bank.
It’s amazing how often Monkeys and Money come up in
First, there is the proof that money is in our DNA like
sex. Monkeys proved it in a Yale
University exercise back in 2009.
Second, monkeys are continually used to prove that they can
invest better than fund managers. A bit
like monkeys make better astronauts, even though they have yet to invent a
rocket, monkeys can make more money than anyone investing funds on your behalf.
The monkey investor became legend after Princeton University
economist Burton Malkiel said, in his 1973 book A Random Walk Down Wall Street: “A blindfolded monkey throwing darts
at a newspaper's financial pages could select a portfolio that would do just as
well as one carefully selected by the experts.”
OK, now there’s a challenge and one that the Wall Street Journal felt more than
capable of standing up to.
They say that women control most of the spending in the world (or is that men in the world?), so I was amused to see this advert for Citibank during my recent trip to India, as it appeals to this share of wallet.
You may disagree, until I heard my male colleague say: “Yes, and from Prince
Having blogged previously about who is the richest royal
(and it’s not our good old Queenie), I noted that French President Nicolas
Sarkozy was blowing over $150 million a year on his lavish lifestyle at the
Strange then that he claims he is only worth $4 million in
total wealth. Even his dear first lady Carla is worth
more than that ($15 million).
Tony Blair makes Sarkozy look positively poor if this is the
case, as he’s up there with over $45 million in riches (and that’s just what he declares, as
there’s more than that in his wealth portfolio which is actually estimated to
be more like $150 million).
So politics is pretty good business really, but it’s far
bigger business in the USA than here.