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It's nothing to do with being twitchy. The odds have changed and so they offer you the opportunity to cash out at current market price. Remember that they run a balanced book - they will probably be very happy with Cov winning the league as I bet they took much more money on Sunderland and...

Oh, and about traders themselves. They certainly have a bad rep and I've worked with some wankers over the years (the worst being an electricity trader). However I've also noticed that more are quiet, geeky types than used to be the case. But that's possibly because I tended to work more in...

I don't think I've ever said that nothing can happen again... I don't think the *same* thing with credit derivatives would happen again now the risk is better understood - but for sure there will be something. Whatever it is, it's unlikely to be quite as destructive as 2008 I believe, but I...

Not an issue. If we buy the Ricoh then Wasps redeem the bonds.

Hoffman really is a fan; I was at school with him - he was a regular in the West End.

That's an awful thing to hope for. I don't want their football team to continue to do well but I wouldn't wish anything awful on an entire town.

No! We need to worry. We cannot wait any longer before deciding where we place.

Hoorah for us!

That really is not what happens in investment banks at all - not even close. Possibly in Hedge Funds (which are small) but not in banks. The main business strategy is selling (providing instruments for business so that they can hedge their risks). The sales desk is taking business from...

It's almost inevitable; all the close-chasing pack seem to be getting a turn. It's going to be close IMO as to who is there when the music stops.

We've all done and said some stupid things when we were younger. I was very left wing in my late teens/early 20s and still recall the embarrassment of being called out by a bartender when I was bullshitting some friends that China was a wonderful example of socialism working. I may be wrong...

It's much more complex than you imagine. I'll not go into it now, but 'bet' is the wrong word and positions *are* hedged. Needless to say, risk managers have learned from their mistakes. I agree that private companies should not be bailed out, for free markets to work correctly the weak have...

I heard some branding expert talking about how much their brand might be worth - billions he reckons and far more than he gets from the Duchy and the taxpayer. Call me old fashioned but in my book that's grifting, not grafting.

Thank you for pulling back on the claim that powerful people cause recessions deliberately. That's the start of the common antisemitic trope that Jews control the world - which is where I believed you were going. I have spent 30 years working on the trading floor (not as a trader) of some of...

I agree that the economy isn't everything and that happiness is more important than wealth. But I think the second half of your post is pure conspiracy theory. Who exactly is it that can cause an economic downturn by themselves? And if they had that much power, wouldn't we see recessions more...

Why would you restrict people getting tickets if there are tickets available? As long as you give priority to people who attend regularly, I see no downside in letting anyone who wants to to attend: - Anything else is authoritarian and petty - They may get hooked and attend more regularly

Yes. I follow her on Twitter - she's wonderful.

Katharine Birbalsingh is a hero of mine. She's changing poor black lives for the better with her school.

Don't remember this one. There were two fanzines I remember from the late 70s/early 80s: Alternative Sounds and Private Enterprise. The music scene back then was absolutely buzzing - even before The Specials got picked up by John Peel. So many bands and gigs every weekend somewhere and even...

We effectively have a choice between two parties; we choose the least bad each time. For me, it always comes down to the economy as the top priority as I am a staunch believer in free-market economics as the best approach the world has yet invented. I'm no fan of authoritarian-style Tory...