Friday, 12 June 2020
Drop Ten, turn and face. Quilty’s football yarns 29
Drop ten, turn and Face.’ Quilty’s Football Yarns 30 Study and travel.
Drop Ten, turn and face 31
Friday, 11 October 2019
Bite-me Bake House
The QuiltyView...Life / Work insights. An occasional series looking at other people’s work lives.
Walked into the Bite Me Bakehouse the other day. My third visit in just a few weeks. Strange to say because in my 27 years in the area I had never been there previously, always driving on by. True, for many years it had been known as Rubber Duckies and never really appealed for my custom. In its defence the shop had suffered when the F3 was opened, being effectively bi-passed from the old custom on the busy Pacific Highway.
The recent ownership change and the building of multi-units on the Highway at Mt Colah has seen a re-emergence of the site for tradies, travellers and families alike. It is good to see a local business do well and its offerings of crusty bread, lovely pastries and pies is impressive. The cherry pie they do ticks too many boxes for me!
In conversation with the manager I congratulated her on the shops impact and she told been she was at the end of a 12 hour shift. They bake everything on site. This revelation took me back to my teens, I had worked for a month in Percy Ingles bakery in the Broadway Market in London as a 15 year old. My old mate Johnny Burnham got me the job and I can honestly say it was one of the toughest jobs I ever did. We’d start at 1.00am and leave at 8.00am. The work itself was wearying in a hot environment but more than that the relentless routine involved got to me. Bread to be mixed, baked cut and wrapped, doughnuts jammed and the clean up afterwards was tough. We couldn’t leave before the next dough was in the holder and everything spotless. The one painful lesson I did learn was don’t touch newly baked bread! We had dropped a few loaves off the stretcher coming out of the oven. They had been on the floor a while so muggins stopped to picked them off the floor. I still have the fingertip burn scars😳
So as the manager served me in theBite Me Bakery I told her than my Bakery experience was one of the hardest I’d had. She just nodded, smiled and said ‘That would be right!’
Monday, 11 December 2017
Resolution for 2017....take up a new sporting activity.
| Before the Bobbo Classic with Colin and Bernie |
Any two from three
The one thing in this store that I can sell you to make a true difference......
Building up those legs
Friends and Strava
The thing about Berowra...nowhere is flat!
The Bobbo / Terrey Hills ride
The Gong
| Gong finish 90km |
Strava 2017 feedback
The Health dividend
Friday, 20 October 2017
Thirty years since the 87' Stock Market Crash....a personal view
Worked on the London Stock Exchange as an Equity Market Maker for County Nat West during the 87’ crash. It was the first ‘technology enabled’ market plummet of any note. Had worked in the 70’s on the face to face trading floor but with screen based / computer run trading it was a whole new ball game.
It was obvious on that Monday morning that we were seeing a level of volatility unseen previously. To make things worse London and the south east had been hit by massive winds and many workers struggled to into the City. Being a market maker you had an obligation to quote the stocks you traded in a particular ‘size’ ie 100,000 shares to brokers and half that to other market makers. The FT 100 index, which was a geometric mean, showed onscreen thru a live feed. The 100 prices were displayed in alphabetical order, Black if unchanged, blue if ticking upward and red for a downtick. That morning the FT 100 screen moved in waves of red prices occasionally turning momentarily blue for a short rally then going red once again. Through the morning the phones rang hot with those on the other end invariably sellers. What often made things worse was that lifelong broker friends came to you in an attempt to ‘improve’ a price but the market was all one way. Then about 10.30am something fortuitous happened for County Nat West....our computer system failed! There we were in the market crashing maelstrom not able to answer our phones because we no longer knew our stock positions. We could no longer display prices because of this. An hour went past and an eerie calm came over the dealing room while on screen we could see prices continuing to dive. It was costing us money because the prices of stocks we held were falling. However, we actually saved millions with the computer failure because in the crash answering the phones would have involved us buying even more falling stocks.
An odd / funny offshoot to this story from 87’ was the fact that not being able to answer the phones attracted the attention of the Bank of England. Mid morning, like something out of Monty Python, the Bank sent a messenger across the City on foot to come knock on the door and ask why we weren’t answering our phones
The implications of the 87’ crash were both immediate and longer term. The Investment Banks who had geared up in The Deregulation of ‘Big Bang’ in 85’ suddenly fuelled a market contraction lasting right into the early nineties. Thousands of Financial Market jobs were cut. Market activity fell significantly and many firms also cut their involvement. One of the key things that had happened in 87’ was the practice of ‘Programmed Trades’. This involved pre-planned ‘what if’ scenarios being drawn up for clients / investors. Thus, if the market index fell so many points in a set time the computer would automatically order particular shares to be sold (without human intervention) This was a questionable practice in normal times but proved disastrous in a rapidly falling market. Literally pouring oil onto the fire
In the eventual investigations that followed 87’ programmed trades were identified and restricted. A bit like ‘short selling’ Financial stocks being banned after the GFC in 08’.
#87crash