As well as explaining the 2% rule Paul Ormerod also told me of an article he wrote about risk and why the economy all went wrong. This is a link to the article http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article360204
For at least half an hour after reading it I understood why the economy is in such a mess when most of us have continued to pay our mortgages.
Snow has provided the perfect day for staying in and writing. But I have been distracted by the scenes outside my window. Everything is white. This morning there were more people walking to work than cars. The buses had been sent to bed early and not allowed out all day. Despite the chaos most people seemed cheery, lots of cameras flashing to capture the moment, snowmen being built and over-excited children and slightly less excited adults.
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