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The Spectator's Notes

The Spectator’s notes | 13 October 2007

Damocles was the courtier who told Dionysius the tyrant that his happiness was complete. Dionysius ordered Damocles to his banquet and sat him under a sword suspended by a single hair for the whole of dinner. I hope David Cameron is doing the same to any adviser who shows Damoclean tendencies. It is absolutely true

Any other business

How to stay sane when computers go crazy

‘I’m on the beach with my BlackBerry,’ a senior banker told the Financial Times back in early August. ‘Normally, banks run on half or two thirds of normal staff in August, which can make it difficult, so every banker has to remain vigilant, even if you’re on the beach like me.’ But, at precisely the

Don’t put your money under the mattress

Extreme stock market volatility and the crisis at Northern Rock have prompted some crass comment about how to look after savings in uncertain times like these. Probably the worst is the glib recommendation, so often trotted out during a panic, that you might as well keep your money under the mattress. But the only people

The asset that shines in troubled times

John Stepek says the price of gold is a gauge of investment fear — and there’s a lot of fear around right now Last week, we had a power cut. It was already pitch-dark outside — not the best time to discover that the children had hidden our only torch. We stumbled about in the

A good share is like a good wife

James Delingpole admits to ‘utter crapness’ as an investor in the past, but thinks he now has a winning strategy It has been over a year since I checked my share portfolio but when I did the other day I had the most pleasant surprise. Apparently, despite understanding next to nothing about the workings of

Spend more time in the library

Where do most investors go wrong in making their investment decisions? Warren Buffett, whom many like to think of as the world’s most successful stock market investor, has no doubts. People need to spend more time with their nose in a book, thinking about the way the world works, and less time looking at the

Riches from oily rags

If recycling your domestic rubbish is a pain, imagine what it’s like running a car-repair workshop: batteries, bolts, bulbs, bumpers, plastics, oily rags, scrap metal and toxic liquids are just a few of the nasties. Understandably, most of Britain’s 25,000 garage owners either don’t bother — nearby rivers are handy — or they take the

They sang ‘Nearer My God to Thee’ as the Titanic went down

To me, history has always had a double magic. On the one hand it is a remorseless, objective account of what actually happened, brutally honest, from which there is no appeal to sentiment. On the other, it is a past wreathed in mists and half-glimpses, poetic, glamorous and sinister, peopled by daemonic or angelic figures,

Another mistake by Brown

The proposals in the pre-Budget report were a desperate, knee-jerk response to the swing to the Tories in the polls. Rather than demonstrating Gordon Brown and Alistair Darling’s vision for the country, it revealed their commitment to blatant, vote-chasing expediency. Ultimately, this will make the country think less of them. Martin Vander Weyer There’s a