Guy Stephens: Let me embrace thee, sour adversity

'Be fearful when others are greedy'

clock • 3 min read

"Let me embrace thee, sour adversity, for wise men say it is the wisest course." Guy Stephens would apply the famous Shakespearean phrase to Brexit, if only he knew for certain who the wise men were and what the implications of a no-deal exit would be…

This dilemma is not unlike that which existed ahead of the millennium bug where experts suggested that, on 1 Jan 2000, computer systems were going to shut down, unable to cope with the date change.   While planes did not fall out of the sky and the lights did not go out, it did mark the beginning of the end of the technology bubble that had been fuelled by companies spending billions on preparation which became an obsession for shareholders. Those companies that did not spend were viewed as negligent and those that did, even if it resulted in large exceptional expenditures, were viewe...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Ratings, Research & Risk

Advice network receives recognition for risk mitigation

Advice network receives recognition for risk mitigation

Sense Network receives BareRock’s ‘first ever’ Club 20 membership

Isabel Baxter
clock 07 May 2024 • 2 min read
Dynamic Planner named the most used risk profiling tool by advisers

Dynamic Planner named the most used risk profiling tool by advisers

A fifth of advisers use tools provided by platforms

Isabel Baxter
clock 09 January 2024 • 1 min read
Clients demand customisation in investment reporting

Clients demand customisation in investment reporting

Clients increasingly requesting the ability to customise how they view their reporting

Sahar Nazir
clock 27 April 2023 • 1 min read