Whilst wishing everyone a very happy holiday season and a tremendously successful 2020, very quickly we come to the final column of the decade and the last Irrational for 2019, my Person/People of the Year. Before I do, however, I have to acknowledge – yet again – the greatness of the readership. Two weeks ago, […]
The second – and penultimate – Irrational of 2019 is the Event of the Year and obviously this had to be held back to ensure that the Great British public did not don their subversive hats again and surprise at last week’s election. They did not to any great degree (although I don’t recall a […]
With a reminder to vote for your favourite P&L socks (yes really!) let’s move onto the second of this year’s abbreviated Irrationals – the Headline/Analysis of the Year. I have been known in the past to give strategists and analysts a bit of stick, it is good-natured with a tint of seriousness – there are […]
And so, with the usual mixture of celebration and regret, we arrive at the final Accolade of 2018 – my FX Person of the Year.
Obviously last year was a little controversial as I awarded it to an anonymous person (although I think I know the identity of the person concerned) and, you will be pleased to hear, this year is little different.
There was a reasonable field this year, although perhaps not quite up to the standards of previous years.
The annual Irrational for the Call of the Year is always competitive and this year was no different. Obviously the temptation is to hand it to someone who got the markets horribly wrong in 2018 – and the chap who thought Bitcoin’s fair value was at $14,000 (or, if you arranged a few ducks in a row $150,000!) is a contender, as are all the dollar bears at the start of the year. The winner truly comes from left field, however, because it’s me!
A few weeks ago I invited readers to vote for their own Irrational – the best socks worn by a speaker at a Profit & Loss conference this year, and the votes are in!
Obviously the wearers of the socks are anonymous (although I am pretty sure I know who was wearing the winners!) but the readership had little doubt as to which pair should carry home the cash (there is no cash course!) with more than 50% voting for the cats.
Today’s Irrational is very much based upon the ethos in which the accolades were imagined – in other words it’s based upon nothing more than its ability to irritate me. If we are being honest, this year has not been a vintage one for headlines – I don’t know if it’s me but I sense the world is getting worn down by the constant bickering amongst politicians, most of whom turn to (at best) half truths when challenged. Throw in an increasing wariness of publicly stating anything humorous for fear of upsetting someone (which is very easy to do, another facet of today’s world seems to be extreme sensitivity) and the quality of headlines we saw just a year or two ago have gone missing.
With a reminder to readers that there is still time to vote for a real Irrational – P&L’s Socks of the Year (click here), let’s move onto to the next accolade, the “It’s been a tough year for…” award.
The winner might come as a surprise because I, along with many, feel the FX Global Code has made decent progress this past year and has also done a lot of good for the market by providing a clear framework within which people can work.
So already in early December I’ve had enough and think it’s about time the readership did some work, so today is all about you – the readers – making a choice. These awards are called the Irrationals and today…well it’s truly irrational!
Throughout our conference series this year, our editor-in-chief Julie Ros has made herself busy taking pictures of speakers socks (yes, I know, but what can I say?). Anyway, we thought it would be fun to have you decide who wore the best socks this year – and of course into the bargain we hope to ratchet up the competition levels for next year’s conference series.
It’s December, which means the start of my personal awards season – of course what it really means is I can do the modern day equivalent of “fnshd 4 yr frds” (look it up teenagers) and cruise through December without having to give too much thought to original opinion!
Yes folks, it’s the 2018 version of The Irrationals – my favourite themes and stories for the year, presented with tongue very much in cheek, although occasionally lapsing into seriousness. I thought we could kick off with the “Disaster Averted Irrational”.