Wednesday 3 October 2007

Andy Hornby: time to be cautious

No, no, no, it is not time to be cautious. I say throw all caution to the wind. Andy Hornby, chief executive of HBOS, is worried about the mortgage market.

Don't be worried! Don't be cautious! Fortune favours the brave. O brave financiers of the world, come together! Unite! We will face the horror.

When the abyss opens up before you, what do you do? You jump in! Enjoy the danger and live life to the full. Nietzsche once said that you should build your home on the side of a volcano. I think he said it anyway. Sounds like a pretty stupid thing to do. Didn't he go insane? Never mind.