Jan

10

 "Gambler 'Killed Wife' After Losing Bank Millions"

As Artie said. "All gamblers die broke and become degenerates. Don't gamble".

Richard Owen writes: 

This is such an incredibly sad story. I think I recall reading on spec-member, Mark Goulston's, blog the idea that the suicide rate is higher in young men because they attach so much to their perception of other's assessment of their competence. Thus experiencing a material failure can make them do insane things. In contrast, women are much more self-assured plus their parenting of children, who can be unintentionally cruel, has prepared them to cope readily with criticism.

I recall reading a statistic that in the UK, if you strip out inherited wealth and the like, almost 100% of individuals of net worth over £50m come from one of three categories: (i) immigrants, (ii) they attended boarding school, or (iii) they were Jewish. What is the common factor among these categories? Probably some element of "otherness" in their upbringing. British boarding schools of the era of those featured in the statistics were brutal places where bullying was a standard ingredient in toughening up the kids. There is a great book by Sir Peregrine Worsthorne ("silly Perry" as Thatcher once called him) called Democracy Needs Aristocracy. One point he makes is that part of how aristos used to earn their place was the excruciating right of passage of attending a boarding school. Ironically, the spine building experience that foreigners now pay through the nose to obtain has disappeared through their own subscriptions. To attract foreign wealth, 'brand' boarding schools have been turned into a combination of five-star hotel and country club.
 


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