But while they seem adamant to not feed hungry children, let's remind ourselves of contracts they have splashed on in recent months...
This government’s procurement is an ugly mark on its pandemic response.
We’ve seen millions wasted on unusable PPE, a national Serco tracing system not reaching contacts it should, and a growing catalogue of cronyism.
But what's happened this week is a new low.
🔴THREAD🔴
But while they seem adamant to not feed hungry children, let's remind ourselves of contracts they have splashed on in recent months...
Labour highlighted this as one of the early examples of cronyism given links to the Tory party.
https://t.co/ax6VpkbnG4
https://t.co/3E41aQyyqv
Qualified and experienced British businesses from across the country have expressed their outrage at this.
https://t.co/GMAOTB9qAQ
https://t.co/M3fPHsHBJJ
Shamefully, stories like those in this thread led to a @NYTimes investigation into British crony contracts.
https://t.co/p27ywxFpIX
For far too many of these, transparency is severely lacking, so we're not always sure what they deliver
https://t.co/S7FHjWJtYP
This only confirmed the use of a VIP lane for contracts, but also gave clear recommendations for government to clean up its contracting.
We are yet to see an improvement.
https://t.co/mNMwqVpLVn
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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
Ironies of Luck https://t.co/5BPWGbAxFi
— Morgan Housel (@morganhousel) March 14, 2018
"Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people\u2019s actions can be more consequential than your own."
I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.
In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.
So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.
Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.
