This is fascinating.
From Japanese electronics to reckless banks and middle eastern airlines, the fate of Premier League shirt sponsors has been tied closely to that of the world economy. West Ham United was the latest club to be sideswiped by the financial markets this month when its main commercial backer, foreign exchange dealer Alpari, was forced into administration by the Swiss central bank suddenly abandoning the Swiss franc’s peg against the euro.
It is the second time the east end team has been caught offside by global events, having lost XL Airways in 2008 when the UK carrier – its backers caught up in the Icelandic banking meltdown – collapsed in the same month as the Lehman Brothers implosion.
Charting the evolution of shirt sponsors over the history of the Premier League also gives an insight into how the world and UK economies have evolved since the 1990s.
More here – The Guardian
I am coming back to an old theme – the notion of character in trading. Recently, I have heard several conservations about how to deal with a series of losses or an extended period of drawdown. The nature of these conversations all had something in common, whether there was a magic technique to help traders get through these periods of difficultly. I was going to produce a fairly long monologue on this topic but I kept looping back to the same point. The terrible answer I came up with is there isn’t a simple tool to get you through – what gets you through is the person you are.
All traders have periods that are complete rubbish where everything you do seems to turn to shit. This is the nature of trading – successful traders simply push through. This is character, you either have it or you dont.