The Happy Banker.
Thursday 9 July 2009
Altruism. Does it work? Evan Davis from the BBC interviewed HSBC chairman, Stephen Green…click here for the blog and interview podcast.
The message from Stephen Green was "...bankers and others should be moral in their own self interest; that they will actually find life more satisfying if they are not narrowly selfish in their behaviour. In other words, to be happy, you need to be able to look yourself in the mirror and think - I have done something worthwhile for others as well as myself.”
I like the attitude, but Evan Davis went on to ask “Mr Green how many people in banking might fit that bill, but he couldn't give me a clear answer. Which I guess is why we need to regulate banks.”
Yet having the right man at the top with moral principles hopefully permeates down.
It may be some time before Banks do become warm and friendly institutions interested in your welfare not their own profits, so in the meantime, as consumers, it is important to ensure when you give them your money you understand that their interests are to sell products. Your interests are to make as much as you can with your money, their interest is to make as much from your money as possible…hopefully the result is fair to both parties; yet past experience shows the banks tend to want more of the cake! Thankfully their overpriced products do have alternatives. Talk to us.
posted by Murray Round Wealth Management @ 10:04,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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