Christopher Fildes

This party’s well and truly over

Christopher Fildes looks back on a turbulent year in the markets and recalls some immutable laws of banking

issue 15 December 2007

The old ones are the best, so allow me to remind you of Sibley’s Law. Giving capital to a bank (said that worldly banker, Nicholas Sibley) is like giving a gallon of beer to a drunk. You know what will become of it, but you can’t know which wall he will choose.

GIF Image

Disagree with half of it, enjoy reading all of it

TRY 3 MONTHS FOR $5
Our magazine articles are for subscribers only. Start your 3-month trial today for just $5 and subscribe to more than one view

Read next

Trending

John Foreman

Don’t forget Bomber Command

There were many tributes when John ‘Paddy’ Hemingway, the last surviving fighter pilot of the Battle of Britain, died in March. Prince William said he was saddened about the death of the ‘last of The Few’ while the prime minister saluted Hemingway’s ‘extraordinary life’. There were no such statements in February on the death of

Also in Politics

Also by Christopher Fildes

Latest

Comments

Join the debate for just £1 a month

Be part of the conversation with other Spectator readers by getting your first three months for £3.

Already a subscriber? Log in