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...

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