Tuesday 31 July 2007

Money and the Aberdonian

Every decision I have to make seems to have a financial implication. To spend; to save; to discount; to bid for; to price; to calculate; to extend credit etc etc.

Sometimes the cumulative effect is such that I end up with the feeling that I don't want to spend anymore, and can't make anymore decisions (not true in reality). This is not helped by the birthright of being an Scot and an Aberdonian at that (Aberdonians being seen as especially "canny" (careful) by rest of the Scots, whom themselves are seen as "canny" with money.

I wonder if I would feel the same if there was a never ending supply of funds at the Bank. The answer is probably yes - because at the end of the day it is not my funds, and as CEO I have a duty to make the money work hard, but protect it, and get it to stretch as far as I can.

The solution, if there is one, for me, is to take a deep breath, and ask myself the questions "Do we really need this? Do we need this now? How does this fit with our objectives and mission?

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