I Owe £100million. Will I Lose my House? (Turner/Bovey Extravaganza)

Laughing_man

SunnySusie wrote: »

I guess the logic is that they are more like to take crazy gambles. 99.9% of them fail but the lucky ones are the ones that eventually hit the headlines. As a totally sensible person Im never going to do anything that will pay off in amassive way. But neither will I ever commite financial suicide.

For every story about a "Dragon" that won and lost and won again etc I bet there are another 999 that end up in an office job to make ends meet. The lucky ones will always believe it is their talent that brought them through. Yet the reality is that it all depended on a few events going their way.

Blimey I'm cynical today! I also believe you make your own luck so whaddaIknow? :rolleyes:

This is known as surviorship bias, fwiw.

WTF?_2

Fire_Fox wrote: »

They invested everything in high risk investments (property, businesses) and they lost the gamble? Unlucky. To have three businesses go t*its up rather suggests he is not particularly savvy.

Who needed to be savvy when the banks would lend enormous sums of money to anyone who could fog a glass?

He's just a pumped up version of your typical flash git who lives a fantasy lifestyle on borrowed cash. Though he probably had enough smarts to make sure that he won't be personally liable for any of the losses and will walk away with enough salted away to see himself alright.

macaque_2

Laughing_man wrote: »

I think on MSE its considered polite to refer to HPC as 'those loonies', point out that even stopped clocks are right twice a day, and explain that if you had bought in 1998- against thier advice- you will still have loads of equity.

To be fair, HPC were bang on. Years ago they said that house prices were too expensive and predicted serious consequences for the economy if sanity was not restored. As it is, the lenders and the government decided to throw rational economics to the wind and push house prices to even more crazy levels. As a result, ill advised property buyers went like lambs to the slaughter.

If instead of mocking HPC, people had taken their advice, the economic catastrophy we face today would have been avoided.

Lotus-eater

I don't know if she actually said this "Our backs are against the wall—we may even lose our mansion" but by gum, its bloody funny

She's already said before that she doesn't do her own cleaning.

I can't help but not like her.

Next we'll find out that Nigella doesn't do her own cooking! (But I would forgive her )

Antispam

My hearts bleeds. Some got greedy and now they are paying the price

Monks_habit

SunnySusie wrote: »

I guess the logic is that they are more like to take crazy gambles. 99.9% of them fail but the lucky ones are the ones that eventually hit the headlines. As a totally sensible person Im never going to do anything that will pay off in amassive way. But neither will I ever commite financial suicide.

For every story about a "Dragon" that won and lost and won again etc I bet there are another 999 that end up in an office job to make ends meet. The lucky ones will always believe it is their talent that brought them through. Yet the reality is that it all depended on a few events going their way.

Blimey I'm cynical today! I also believe you make your own luck so whaddaIknow? :rolleyes:


Im not sure why AT needs to worry. Surely once the dust settles she can just make a new book, TV series and keep the cash coming in. Who really needs 100million anyway?

Totally agreed, I to will never make a massive plus or commite finanical suicide.

AT will be fine thas why she talking to the News of the World, she didn't do that interview or doing the cleaning adverts for nowt!

She can always apply for a job in the real world!

lesley1960

I wonder how much a fraction of £100 million actually is ?

plus he does seem to have several other companies on the go

torontoboy45

what intrigues me are the payments made to her - some £2.2m over a 2yr period - simply for picking a few sofas.

what payment, I wonder, did she receive for doing the dirty washing in public thing?

as others have speculated, I think that bovey, being the spiv that he is, spirited the lolly away months ago. for all the tears, the future will be comfortable for anthea. whether she can cope with returning to obscurity is something else.

nevertheless, a truly heart-warming story for a gloomy mon afternoon.

Conrad

SunnySusie wrote: »

As a totally sensible person Im never going to do anything that will pay off in amassive way. But neither will I ever commite financial suicide.

Checkout a book called 'The millionaire Next Door'. It's a study of American millionaires and a key finding was that TRUE millionaires are risk averse, cautious, steady and stick to one thang.

It asserts that the odd high flying risk taker makes it big but these make up a small percentage of the millionaire community, but that we wrongly associate millionares with higher flying, big balls, over confident brashness because a few of these grab the headlines.

Indeed, the 20 year study found that the majoirty of true millionaires lived in nice but modest homes like Warren Buffet, but the would be millionaire lawyers that advise these millionaires lived in the very upscale neighbourhoods, saddled with debt and having a very high status lifesytle which sucked away all thier income so they never get to become true millionaires.

I can relate to this well, as I've long noticed the big brash clients with black Range Rovers and Rolex' tend not to be nearly as well off as one might imagine.

Kenny4315

stoidI gnikcuF !!