Have I got News for you

Posted by siteadmin on Friday 31st October 2014.

Ebola, unsettled financial markets and the UK government being hit with a £1.7 billion bill from Brussels. All stories which have topped the news agenda recently.

Not exactly reasons to be cheerful that’s for sure. But my take on all of these and much more is to use the popular ‘Keep Calm and Carry On’ motto.

Financial markets are reactive and just like an anxious thoroughbred horse, they can get spooked very easily from time to time. Sometimes without reasonable foundation.

More importantly, any dramatic fall in stock markets is seen as far more newsworthy than the steady increases which usually follow the bounce back.

I counsel clients to not panic and make rushed decisions off the back of apparent bad news in the media.

As any experienced journalist will tell you, bad news travels faster than good and is what sells.

Now for the good news, well it is for me anyway.

As a West Ham United fan for the past forty years I’m delighted with the start my team have made to the season. As I write, we sit fourth in the Premier League.

It wasn't long ago when fans were calling for West Ham’s manager Sam Allardyce to be sacked. Now he’s flavour of the month.

The moral of the story is that both the football and financial worlds have two things very much in common. They are notoriously fickle and fast moving.

I’ll keep my fingers crossed that my team maintains its strong start but past experience tempers that optimism somewhat.

More seriously and whilst on holiday earlier this month in Israel I visited Yad Vashem, the living memorial to the Holocaust. I’d not been for almost thirty years and much has changed. It was a hugely emotional experience and one my wife and I will not forget.

On the same theme but closer to home, one of my responsibilities as Chairman of the Pinner & Northwood Business Club is to lay a wreath at the Remembrance Sunday service in Pinner on behalf of the club and local business community.

The event is attended by the resident Member of Parliament, Nick Hurd MP along with representatives from Harrow Council, local religious and community leaders.

It is very poignant and a great honour.

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