Tales from the gutter

By Toby Fildes
17 Oct 2013

There can be no more graphic depiction of the plight in which the stockbroking industry now finds itself than the email below which was sent to me last week. The sender is an erstwhile high-flyer whose career in The City was derailed, and as a consequence he found himself out of the market for a long time, unable to reinvent himself and get back in.

There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries.

I’ve surfed my share of faecal tides but with a combination of doggedness and the forbearance ...

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