Category Archives: finance

Dalrymple’s money personality

Giovanni Bellini, Four Allegories: Prudence, c. 1490. Gallerie dell'Accademia, Venice

Giovanni Bellini, Four Allegories: Prudence, c. 1490. Gallerie dell’Accademia, Venice

High finance, writes Dalrymple,

has never really been my forte or my interest. My attitude to finance is primitive: I spend less than I earn.

When, during the boom, Dalrymple’s bank asked if he wanted a loan,

I naïvely told it that I did not need a loan. The bank’s reaction reminded me of that of a newspaper for which I used sometimes to write when I refused to do an article for it on the basis of information that was self-evidently false. What, they asked, had that got to do with it? And for the bank (at the time), what had not taking a loan got to do with not needing one?

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The rotting euro

More economics commentary from Dalrymple, who here outlines his theory of what he terms mutually assured worthlessness.