Credit crunch forces Anthea and Grant to cancel their summer ball

Gangstabird

Alan Sugar will never ever go under from this.

He was one of the smart people who started up a company, sold shares, pocketed, got out and watch those companies go bust.

He is worth 800 million, even if you half that which I don't suppose for one moment, he has lost that. He is minted. Shrewd farker.

fc123

Conrad wrote: »

Plenty of average joes over on housepricecrash predicted this credit crunch long ago, whilst Alan Sugar and Bovey where merrily buying up property to develop.

Confirms what I've always thought about many entrepeneurs - they aren't any cleverer than the rest of us, all they are is risk takers, without any particular insights or midas touch - just risk takers is all.

Ok most of us lack the guts to take big risks, but this makes us no less worthy than the high rollers - we are just more content with what we have.

Sorry Conrad. Not quite right.

Enttrepreneurialism is different to taking just 'A risk'.

I have to go to Lidl now, family party tomo pm.
Will expand later on.......if I have the energy

ad44downey

2 truly hideous people. They're nearly as bad as Krusty and Phil

fc123

Conrad wrote: »

Plenty of average joes over on housepricecrash predicted this credit crunch long ago, whilst Alan Sugar and Bovey where merrily buying up property to develop.

Confirms what I've always thought about many entrepeneurs - they aren't any cleverer than the rest of us, all they are is risk takers, without any particular insights or midas touch - just risk takers is all.

Ok most of us lack the guts to take big risks, but this makes us no less worthy than the high rollers - we are just more content with what we have.

OK back from Lidl. This might be a bit mushy as my brain is worn out....long day in the shop, cleaned acres of glass so vistors can actually see the seaview.....am boiling chickens in stock, lentils, chick peas as I write. It's going to be a 'Food for Thought' throw back party. Impressive and right on trend
Phew..............

I have £2000 cash.
If I take a RISK I pop down to the marina, go into casino and chance the lot. I could come home with £10k or £0.

If I am entrepreneurial, I invest it in something I have a skill or knack for (or specific training for something; up to a point).
In my case, I go off to a wholesalers and purchase stock that I feel will sell on quickly, at a price that is competitive BUT with a good margin. I take a risk on my ability to select product that will turn the £2k into £6k or more.


If I am 'pseudo entrepreneurial', I take £2k and put it into a venture that carries risk, but, hey, lots of others are doing it too, Mr Man in Suit says it's a good bet. It's paid off for some, so why not for me?
Many confuse the latter with the former.

An original idea is not enough but it is a start. No-one ever got rich from following the pack.....some do for a while but the rug can be pulled away easily too.
RE; BTL.

fc123

Conrad wrote: »

Ok most of us lack the guts to take big risks, but this makes us no less worthy than the high rollers - we are just more content with what we have.

No we're not. We say we are, but deep, deep down, we want it all.....

But, feeling blessed for where one is now is a virtue. Disatisfaction, I've heard, can breed illness (mental and physical).

OH's aquaintance (almost mate now) is dead envious of our life BUT we are dead envious of him as he has 2 million quid in the bank after getting out of property last yr. ......we laugh about it. Shall we flog him some happiness? Doesn't work like that.

Jonbvn

I have disliked AT for a considerable time. I think we need to form a death/bankruptcy pool for these amateurs. (BTW having Amy Winehouse in your 2009 death-pool is a given).

fc123

Jonbvn wrote: »

I have disliked AT for a considerable time. I think we need to form a death/bankruptcy pool for these amateurs. (BTW having Amy Winehouse in your 2009 death-pool is a given).

No not poor Amy. She a drug addict. I have sympathy for her situation.....can happen to anyone...they try it a few times and some get caught......and so begins the spiral down.

WTF?_2

Conrad wrote: »

Plenty of average joes over on housepricecrash predicted this credit crunch long ago, whilst Alan Sugar and Bovey where merrily buying up property to develop.

Confirms what I've always thought about many entrepeneurs - they aren't any cleverer than the rest of us, all they are is risk takers, without any particular insights or midas touch - just risk takers is all.

Ok most of us lack the guts to take big risks, but this makes us no less worthy than the high rollers - we are just more content with what we have.

Well said - and such were the conditions of this decade to date with low interest rates, ready credit and imported deflation from Asia that most 'risks' paid off quite handsomely.

A good example would be the idiot developers on property !!!!!! shows who seemed to always walk away with a profit, no matter how moronic their decisions and actions were.

Now that things are going downhill, I think we'll see rather a sharp dropoff in the numbers of these risk takers walking away with big profits. Now, you actually need to be good and know what you are doing rather than betting with borrowed cash.

amcluesent

Former GMTV star Anthea on crutches after bucking horse shatters her kneecap

The 48-year-old former GMTV presenter – who shattered her kneecap last week after being kicked by a bucking horse – struggled to get out of a black Range Rover driven by her husband Grant Bovey.

She was returning to a hospital close to the couple’s £5million Surrey estate for an outpatient appointment on Thursday after undergoing reconstructive surgery on her knee last Tuesday.



First the credit crunch, know the knee-cap crunch! Ouch! Get well soon Anthea

HankMcSpank

I hear the BTL sector is a bit Flake-y, looking at their wedding day photos that seems very appropriate.