During the summer there seemed to be a concerted effort for groups to relate financial matters to the World Cup. Yet never did I expect the 70th anniversary of the Battle of Britain to make an appearance in a financial related tie-in.
Writing in his blog, Andrew Bell, the chief executive officer of the Witan Investment Trust, manages to relate the second anniversary of the collapse of Lehman Brothers in 2008, to that of the efforts of the RAF 70 years ago.
“We are approaching the second anniversary of the Battle of Banking (the riot point after Lehman Brother filed for bankruptcy) when the financial system came close to collapse and had to be bailed by governments worldwide,” writes Bell.
As a result Bell adapts Winston Churchill’s memorable tribute “Never in the field of human conflict was so much owed by so may to so few”, to “Never in the field of human commerce was so much owed by so few to so many.” (article continues below)
Bell explains: “A (politically fanned) impression lingered that, in an inversion of the 1940’s selfless heroism, a small population of well-to-bankers had been rescued from the consequences of their errors by the resources of the general population.”
Makes you wonder what other great speeches could be adapted to the world of finance?
How about in an adaptation of Margaret Thatcher, a fund manager could defend their performance with “This fund manager is not for turning!”