Ten Rules For Trading

So, some of you may have been wondering what has been happening in my life, well hopefully at least one.

I’ve been based in the Middle East for the last few weeks and have been working in brokerage. My roles have been varied from making tea, updating reports, writing business proposals and purchasing cutlery for a prince. Yeah, you read the last one correctly, trust me, it surprised me as well; especially as I had been learning how to load a ship with grain the previous day.

So what brings me to writing again? Well today (well, yesterday technically) there was a 7% collapse in oil prices. That’s a pretty big amount to the uninitiated. And I happened to be on the wrong side of this. Now I didn’t lose twenty thousand pounds or anything, but what I got was a course on what to do when trading. Now obviously this is wear I insert a legal disclaimer not to take my advice seriously, that it is a matter or opinion and not fact, that I’ll be not liable for your mistake and that you have to be an absolute idiot to take advice from a blog. Might as well ask Deloitte or KPMG to audit someone!

Right without further ado, here is my list of rules (so far) of what to do when trading

1. Always Trust Yourself

Might be a bit odd for a first rule, but it is important. When you go into the market, there is only one person who did it. There is only one person who says enough is enough. Whatever happens, just as in life, you are ultimately responsible for your position. So, when you go in, know that you will have to get yourself out.

2. Don’t listen to others

While taking ideas from someone is okay, if you want to go short. Go short. Even if you were told to go long. You are responsible for the outcome of your input.

3. Don’t Go Chasing

This is quite simple, when you have made a loss, don’t go chasing a profit like a monkey running at the window. Go take a step back and reassess what is happening in the market.

4. Always Cut Mistakes

You are allowed to make mistakes. Just don’t keep them! No matter what is happening in the market, profit or loss. If didn’t mean, get rid of it.

5. Don’t have fat fingers.

It means, avoid making silly mistakes, such as hitting three before hitting enter. Never done that……

6. A trader is only as good as their last trade

It doesn’t matter that you predicted the financial crash, or the dotcom bubble, if you lost it all yesterday. It’s like in football, only the last result matters. (Unless you support Arsenal, can’t change from being shit if it’s part of the DNA)

7. Don’t be a sheep

Know this looks like rule 2, but it’s not. It’s similar. To make big money quickly, you have to be ahead of the curve (easy in principal, not in practice). So, it’s not just listening to others and trusting oneself; it’s also being a bit bold. Not cocky, the market will, just tear you to shreds.

8. Be Lucky!

There’s no two ways about it, if you are being bold

9. Have more than one escape plan

When you enter the market, know what loss you are willing to make. And follow it! If you ain’t lucky, no point in being stubborn and stupid either. Might as well be a Marxist then. In the same light, take the profit when you get to the point you wished. Sure, there may be some regret when the position would have made more money. You can still chuckle to the bank, even if you are not laughing your head off,

10. Follow the cardinal rule of Uncle Digby!

The trend is your friend!

 

 

 

Just some quick thoughts on the Brexit from yesterday

  • The UK-EU Custom Offer for the entire UK. Source: RTE
    • Won’t be done prior to the April 2019 deadline, legal issue as not allowed under Art50.
    • Still no knowledge if it would tie either side to each other a-la Turkey-EU Custom Union
    • No knowledge on compliance.
    • Does solve the N. Ireland issue as no fragmentation of UK.
      • For the short-term at least

Analysis: It’s a repackaged offer from last week (see @SamuelMarcLowe; senior researcher on Centre of European Reform) that at face value would be rejected by the Conservative. The European Research Group (ERG; a committee in the Conservative party) will reject anything that doesn’t allow a full trade agreement with third-parties. That would almost certainly require a check at the Irish border, unless there is a large concession by the EU.

Entry 47

What am I up to these days?

So, a few of have passed since I had gotten my results back for the GDL course and I have stayed pretty silent on my life since. Well at least those who are not in the loop. I’ve currently been helping out at my sister’s salon (Duck & Dry at Old Spitalfields Market; and no this is not a paid piece content). Well, it’s a blow-dry bar and it’s honestly a weird experience. For those less initiated with myself, working at blow-dry bar is not exactly what I would call my natural calling. Nor would I say that I love the job. Is it a terrible thing? No, of course not. It’s just…that I’m not using any of skills that I’ve learned at University (well any of them) and essentially all I use are things taught to me at school and at home. It’s the service industry of course, so the etiquette classes from school are the most helpful, beyond the primary school level of being able to write coherent sentences. On the flip side, I’ve been rejected from jobs that state that they just want GCSE’s, but two years of work experience saying that I’m under qualified. It is as though the skit from Kanye’s School Spirit is an apt description of what shall be me in the future.

Otherwise, been making a lot of food over the last few days from kala chana to lasagne. Also my jeans have become religious; so I’ll be spending some money in the next few days.

Poem 2

Not sure about a title, looking for recommendation. Shout out to Chris for the picture.

Broken
How else can I describe the feeling
Hours upon hours spent doing what?
My wounds need tending
I need to get out of this rut

Alone
Just stuck with my own thoughts
While it’s good company; it’s not ideal
It’s not as though I did something wrong and was caught,
Time to go back to the highlight reel

Cry
It’s not the end,
Even if I could make sure of it
It’s not my time to ascend
It’s time to check out my grit

Breath
One is not entitled to the fruits of one’s labour,
Action will always be better than inaction,
So it’s time to sharpen my best sabre,
No more dissatisfaction

Nasty
Time to act unapologetically,
Even if my life has just been swirled
Where do I want to be?
On top of the world

The Chequers Affair

Coming into the weekend I was ready to write a review of the agreement that was struck by the Cabinet at Chequers, but given the events in last couple of days, all my work has been thrown out of the window. While there are suggestions that there will be a leadership challenge by the Brexiteers and ERG against Mrs. May, I have gone through many rewrites with the constantly changing news, I have currently just given up on trying to write something that is fully up to date and just express my views on the agreement at Chequers, which was the original plan; I can then at the end express why I believe that some members have resigned over the issue.

The first major issue that arises is the free trade area of goods, which is essentially a pillar for a free trade agreement (FTA) with the EU. While a FTA for goods is possible in theory, as there are certain goods that are allowed in and out, but for across the board? That just looks like cherry picking one section of the single market, which has already been vetoed by the EU. While it is possible in theory, I do not think that the EU would agree to this, without forcing further concessions into the single market. Nor does it make sense that this will avoid friction at the border as the document later goes on to end free movement. How does one plan to uphold the common travel area and not allow free movement of people; unless there is a divide at sea, given that a physical border in Ireland is a no go? While that is plausible, it would create an internal border inside the United Kingdom; which will not be acceptable to the Unionists in Northern Ireland nor would it be acceptable for the hard-line Brexiteers.

Looking at the next point about the common rulebook for all goods including agri-food seems to out of place of the comments made by the Prime Minister as she said that we are leaving the common agriculture policy; while the policy is complicated, what is meant by this phrase is not well explained. While we are expecting a white paper on this, seeing language like this would unlikely garner support from the entire Conservative Party, which would require the Government to look across the benches to the opposition. An odd situation, but let us be honest; nothing has been conventional in this process.

This unconventional process an been seen in the proposal for what can only be described as fluff. The notion that either side wishes to have less open economies (or promote closed economies) is just laughable, regardless of which side of the argument you fall on. The differences lie in what should be freely traded, which seems to be as much as possible. The problem that this position relies on almost full co-operation between the two sides, but why would EU agree to bind itself to the UK’s decision or take note of the UK’s position; as they have no requirement to place UK interests over its own members. This also seems to hinder both sides when re-evaluating what deal they wish to strike with other nations, as for a deal to be made with any third-country, each side would be restricted. While for the alignment argument this makes sense, but then what are the benefits to leaving the EU while fully aligning? It doesn’t make any sense. Why create more hassle? By just creating a new system to fulfil the results of an advisory referendum is just nonsense. It would more sense to ignore the referendum or go the whole nine yards, the middle ground doesn’t make anyone happy, nor does it help anyone. What is the gain? While one may point to the potential gains to services, it does remove any chance to negotiate on goods as a carrot to a third country. While possible, would it not be better to have a veto in the EU, when it came to new trade agreements and new policy proposals? I would think so.

The legal framework in the application and interpretation of the UK-EU agreement, is not helpful. Well in the form that it has been described at least. The UK has paid due concern to EU case law (when applying EU law) and to continue this is not a differing system. The concern of disputes is more interesting and thus concerning; with the lack of detail.  I’m going to speculate that an EFTA court solution is what will arise from this, but I do not see the EFTA members being happy if the actual EFTA court is used; thus, a new separate UK-EU court of arbitration committee being set-up. However, with such little information: we will have to wait and see.

The final item about the new facilitated customs arrangement, makes little sense to me. While it works for the island of Great Britain, the tariff policy for Northern Ireland vs the Republic of Ireland seems to be open to abuse. If I can take goods across the border without checks, why wouldn’t I choose the cheapest one and then just cross the border. While one can mitigate this by checking shops and more monitoring systems, it would be a costly solution, while relying on the trust system. We should also be asking what percentage of failures (goods not checked, that has the wrong tariff applied) is acceptable, if any? This all relies on the EU accepting this agreement as well. At the moment, I cannot see this being accepted by the EU. With the backstop, there may be no actual cliff-edge if the negotiations take too long; but there is no backstop for a rejection of the proposal.

The resignation of the two prominent Brexiteers in the cabinet are not a tandem to bring down Mrs May, though Mr Johnson’s resignation is a ploy for power in the future. David Davis has clearly resigned for the change of style in negotiations by Mrs May. Mrs May has decided to try and bypass the EU infrastructure with direct talks with the head of States. I doubt that this will work, given the Commission leading the negotiations for the Member States and having  EU law on their side with the notion subsidiarity when dealing with future of the Union. With this plan, Mr Davis’s role in leading the Department for Exiting the European Union and being the head negotiator is no longer the case. Instead of becoming a middleman like his successor, Dominic Raab. His plan to to leave the department is to ensure that the leadership of the department fully believes in the plan, instead of someone just following a plan. Personally, I find this quite a sensible move by Mr Davis. The headline resignation was, and still is, Mr Johnson’s sudden change of heart. While I believe that Mr Johnson shares some of my criticism (if not all), there is a clear political motivation for Mr Johnson to distance himself from the plan. In doing so, he won’t alienate himself from the Tory base and can criticise the plan without having to come up with a solid plan himself. It would be a shrewd move, if wasn’t blatantly obvious to anyone who has spent more than ten minutes listening to all the regular political commentators.

While it is true that this is a negotiation and thus the proposal is not final. What lies ahead for both sides, be it the argument or UK/EU, there is a lot more to be done with far too little time. With ongoing pantomime in Parliament, I would be ready to expect the unexpected.

Entry 46

Finally it is over.

Well, I know this is a bit odd. I’ve returned to my blog, not forgetting about it the in between time. No, the last couple of months I have been living like a monk; but instead of having a monastery to go to, I’ve been in the law library. When I first thought about going on to the GDL, the friends I enquired look at me as though I was an absolute lunatic (even though they had done so themselves), as the course redefines what you believe are your limits. Honestly, I had not felt such academic and mental pressure for ages. And I enjoyed it…mostly… There have been times where I have called a friend and all we have done is swear. Not at each other, but the utter shit that is expected of us. At times, it felt that we were not meant to know anything, but be able to regurgitate what a textbook had said (or even a judge) no matter how stupid or illogical the statement was. As long as it was the correct law, that’s all that mattered. While years of training to argue and create logical constructs from school and life (which was why I some people pointed to me this path) meant that repeating out certain rules got you the marks. In the context of a conversion course, it does make sense, but in terms of the actual law; there definitely room for improvements that courts should sort out. Well at least in my opinion.

At the moment, it is weird not having any pressure. What on Earth should I being doing in the morning’s if I’m not running to the library? Well, at least I’ll be able to enjoy the World Cup and enjoy the blissful thinking of it’s coming home! That’s right, you can’t escape the football on this blog, have you not read any of I before?

So, what is going to happen next? Well for the blog, over the couple of weeks I will look at writing some mini-review/thoughts on the modules that I studied. Maybe a bit of advice for those who are also crazy enough to take on the course. Afterwards, I’ll probably set about a redesign and think of setting it out as a more personal website; but got plenty of time to work on that. I’ll probably use the site for some poetry as it has been a while since I just wrote anything.

Personally, I’m plan on being in London working part-time while sorting out my future. Got some plans to move overseas again. Time to wave goodbye from blightly for a bit. As they say the heart grows fonder with distance. In terms for the next summer, I’m currently enquiring about the feasibility of going coast to coast; from Dar es Salaam to Walvis Bay (and then to Durban via Cape Town, because why not?). While traveling, it is high on the agenda to deliver malaria nets or transfer some goods for a local NGO while traveling from one city to the next.

Finally, a shout out to my friends and not really being in touch. You can call me again, it’s been too long since we caught up properly!

Entry 45

Alright I haven’t written anything for a while and that is entirely my fault, but I have no issue in doing so. Though the plan to leave a post for summary of the year so far did not happen, I am quite glad about it. Taking a break from it all and having some proper time to myself have given me a clearer idea of how I think the last term went and my thoughts about law in general.

Now as you may have noticed already this isn’t a normal blog post and I am going to tell you not bother to get your hopes up. While I do tend to write about law exclusively (and a bit about Tottenham), however it is my blog so I can start writing about anything I want to and I think you also need (need is a strong word, but I’m going to double down on this. Taking a leaf out of politics from the last decade: apologising doesn’t win votes) to see a more personal part me.

Now I went on a family trip to India, with it being my first trip to the sub-continent in over 12 years. 12 years is a bloody long time and when going back I some sort of idea what to suspect. My family (nuclear) have been traveling at least once a year or more for the same period, so I was not out of touch. I still watch Bollywood films (sometimes other parts of India cinema) and that gives you a view into cultural values or questions. I have followed the Indian cricket team for years and of course I watch the IPL, so cricket coverage provides me with some entertainment. I watch Gujarati news when at my grandparents (all I can say that it quite sad that FOX news style of interviews has taken hold). And there is the little thing called the internet, where you can follow all the latest news and see what is trending.  However, been the third culture kid that I am of course not Indian enough for the Indians (and I don’t really blame them).

On this trip, I ended up going to Gujarat for the first time ever and apart from learning that I have no kite flying ability what so ever, I was able to meet some of members of my family that I had only heard about. I spent my couple of says there going to various holy sites and saying my prayers. What was most striking for me was seeing the Kotecha Mandir and seeing a mapped-out version of the family tree which is has nearly a thousand years of history of the family. Then by hearing the story of the family which historically was based in Afghanistan and then after fleeing the region to Gujarat, there were 16 Kotecha families which can now be found almost anywhere in the world. It put me in my place from the chance of my family nearly being wiped of the face of the earth and never existing, to now me typing this up in the UK. I also got see the old village that my great-grandfather had left, before going to East Africa. Honestly, I don’t think I could blame him. The state of the village in the 21st century was in terms of services no better than I expected, but I was given the chance of leaving with work in another part of the world, I would have jumped at it. That being said, I do think that I’ll be heading back there in the near future, I still have family there and I would like to see them again. Finally, I was unable to the mandir in Virpur, though I we did spend 15 minutes in the town. It was either going to mandir or catching our flight, we choose the flight.

Following a rush to the airport, we went to Mumbai. Now I hadn’t return to the city in 12 years, there is one thing that had not changed during my absence. The smell. Mumbai still has that smell that I had not forgotten and no image can prepare you for. Since, I have already seen Mumbai’s tourist hotspots before, this trip was about a couple of things for me; visiting family, shopping, food and even more food. Seeing family was fantastic, as always, however my bearded face is not the one they were suspecting when I came through the door.

Now the one thing when shopping in Mumbai there is something anyone can pick within seconds, which is the extreme wealth gap. One can grab a full meal for 100INR which is roughly £1.10 or you can grab a coffee for 1500INR which is roughly £17.50. It’s insane that in the city which doesn’t sleep that you can go get paan at three in the morning and there will be a private traffic warden moving the cars along, because this one shop is packed. I would love to see this sort of thing in London, alas I do not think the city will become a true 24hr city (while you can get anything you need at whatever the time, it’s not the same experience nor the same volume of people).

Talking about shopping, there was a shocking revelation me (or at least I found it shocking). While looking for material for clothes, I was browsing different patterns and colours and asked for a navy blue. The assistant also brought red, saying that it was similar. Now, I don’t like to wear too much red (reminds me of Arsenal. Yeah, it’s stupid for most people, but remember what Cantona apparently said: “You can change your wife, your politics, your religion, but never, never can you change your favourite football team”. In this regard, you can also never change the club you hate). I digress. When I said no to the red, the shop keeper said that I was fair and therefore all colours would suit me. I find this odd, firstly because I am the darkest in my family. I am not fair by the standards of the UK where I live, nor am I fair considering most of the media I do consume is Western. Secondly, was that meant as compliment? So, let’s say that I am fair. So, what? Some people have different skin tones, c’est la vie. The issue is colourism is a more acceptable (or seemly) form of discrimination in India, even though it remarks nothing on the person on their intellect or personality. I say this because when you are going around the city from place to other, you see the bright signs of adverts which all suggest that being fairer is more beautiful and buying this product will help achieve this. No before saying anything else, these products will harm your skin and possible cause irreversible damage. The main point is why do we care? Or more accurately, why do we still care? The answer cannot be that because people made the product and market it, is why we care. That might be able to explain a fad. Take the Kony2012 campaign, well marketed but in the end full of lies. People caught on (for various reasons). So why is colourism still a thing? Now I am not claiming to be an expert on this topic, but from what I observe it’s the continual perpetuated myth of white is better. It’s the hallmark of entrenched racism in society. I recently watch this Vox Video which showed a young black toddler describing brown skin colour as “nasty”. Apart from being heart-breaking (to me at least), I cannot think that this is from just advertising. Now I am not sure what more I can do an individual level to combat this just to make people aware and make conscious decisions, such as telling the shop assistant that I don’t consider myself fair, however fairness has nothing to do with what colour of clothes you wear. As a few of you may know, I have a bright orange coat. Let me tell you something, you do need something to wear it and it fair/dark skin. It’s confidence!

Well, I wasn’t expecting to write about colourism, but as I said: it’s about making people aware of the issue and opening a space to have a conversation (that’s a hint to use the comment section).

I am going back to food now. Mainly as I am quite hungry as I type this, but also as I feel slightly shafted as a vegetarian in the United Kingdom. While the UK is better than most places I have been in Europe for vegetarians (though that could be part of my traveling limitations), it’s still terrible. When I was India, getting good tasting vegetarian food was a breeze. Didn’t have to think twice about it. However, the other thing was how cheap it was. Not as UK to India, but it was cheaper on the menu to order vegetarian than meet/fish. When I am here in the UK I get something that is no doubt vegetarian, but then find myself paying similar prices to my friends for the meal. Even though the cost of ingredients is far less and honestly looks and tastes like bollocks. I could go to these vegan places and then pay this imaginary vegan tax where plain peanuts cost £10 for a starter. I might have taken the piss in the last sentence, but honestly most of the time it is just really simple dishes being over charged. It’s not hard to make a decent vegetarian dish. I do it home daily and I am not a professional chef. I am just an idiot with some spices. So now every time I go out to a non-Indian restaurant in London, actually all restaurants, I am going to have remind myself that these people do not know what good food tastes like. Buying something a simple a cheese sandwich will even bring in disappointment, as in Mumbai on the street I had one of the best sandwiches in my life and all it was cheese, chilli and sprinkle of spices; not even toasted. At least my grandmothers both live in London, all hope is not lost.

Talking about losing hope, I now realise that I have been living in a lie. I don’t care what anyone tells me but I have never lived in a capitalist country (a hyperbole). When I read economic theory and they talk about perfect competition, with sellers selling the exact same goods no matter where you went. I saw this in Mumbai. I was looking out the car and saw street after street with shops all selling the same goods, take faucets for example. All I could think, is how on earth are they all still in business? How are they all full, how is no one under cutting them? Why are the prices the same (it was all cheap, so no collusive oligopoly style going and far too many stores)? I’ll tell you what, it must be perfect competition. You could break into that market without differentiated your goods and charging more (which would get you some business) or price matching the same. Even when it came to grocery shopping. Didn’t like the price from one vendor. Take three steps to the next vendor and take your business elsewhere. Repeat until satisfied. That does not happen in the UK, UAE or South Africa (cannot recall Zambia) nor any other place I have visited and spent a significant amount of time. Now I understand that this also has to do with Mumbai’s massive population being so densely populated, but it was surprising not see a single supermarket in my trip. As far as I am aware, local chains can still exist, but none where apparent in my trip. I am not overly sad about this…

Looking back at it all, if someone said: “Hanik, I’ve got a job for you. One catch. It’s in India.” You’ll find me at the airport buying a ticket, because I will not turn it down. If you asked me before I went; I probably would have to spend some time to think about it, work out how long it would I would be away and what opportunities I would miss out here. I’ve got that travel bug that’s infected my entire family.

I could write some more, but this is no longer than some essays that I wrote to be marked, let alone the formative work that I handed in. As it’s a long post, there are probably going to be more mistakes than usual and I would also love to have some feedback!

Oh yeah, Happy New Year!

Entry 43

Just coming back from Tottenham vs Brighton. Game ended 2-0 to Spurs. It’s the last time I’ll see the team this year, though not too sad that I won’t be standing in the freezing British winter. So again, apologies for any confusion regarding spelling or grammar.

Today started off with a lecture in Land Law and we continued with our look at mortgages. Mortgages are not what most people would call exciting or interesting, however the law regarding this area is  relatively straightforward. That’s my favourite thing about land law, you can always go to the statue book and rule will be there. That’s not to say that there is no case law, but it’s not as overwhelming as Tort Law. The lecture we had today was about the remedies of mortgages and the rights of the borrower and borrowee when it comes to a default in the mortgage. While the borrower has a large amount of rights, when it comes to the sale of the property/land, the rules regarding how the money is settled is interesting as there is priority for the cost of the sale, which could leave the lender in negative equity or if they hold off and sell later, a poor market can really harm the lender (even when the courts are being generous towards them).

After land, I had Tort. As always Tort is case heavy, but today it wasn’t as much as normal. We explored the laws around product liability and since the law has been modernised through an EU directive, there is a clear cut way of understanding what should be done and what are the acceptable defences. Since there are a limited number of defences, what you see in day to day life is an overwhelming number of warning labels which state the obvious (think of your pack of eggs that state that the potential allergen is eggs). I agree with the lecturer, if there are far too many warnings on products to prevent liability, then people will disregard the warnings (or not read them at all). The policy question is, are the rules there to help ensure that the customer can sue in absence of the warning or are the rules about ensuring that the most important danger is made clear and allowing more cases of people doing things that could make it to Harry Hill’s TV burps? Just for entertainment purposes alone, you should pick the latter.

Entry 42

Today I just had Administrative Law, where we continued our exploration of judicial review. It is also the start of the last week of the term.

If you haven’t been following for the last couple of weeks, I have not been the biggest fan of this part of the law. Today was no exception, though I will say that I did find it more interesting than the previous lectures.

We explored the grounds of judicial review which can be summed up as a public body going beyond its realm of jurisdiction. The courts prefer the Latin term, ultra-vires. Judicial review is used when there is illegality, irrationality or procedural impropriety, which is another way of saying when the public bodies do something they are not meant to do, something stupid or don’t follow the correct rules to do something in their own powers.

I only want to talk about what public bodies are allowed to do. Our lecturer said along the lines of the following: private citizens can do anything the law doesn’t mention, while public bodies are only allowed to do what is said in law. I don’t entirely agree. Private citizens cannot do anything, as you can be punished retrospectively in common law. Just have a look at marital rape. Just because the law hasn’t caught up, doesn’t mean that it won’t. Regarding the limits of public bodies, I do think that bodies such as councils should be allowed to do things beyond the stated scope of what they are allowed to do. If my council can provide me with a service that is cheaper and better than the private sector, then why would I not want this to happen? Before there is groaning from the libertarians, take the example of something that could be regarded as a public utility such as broadband lines. If the council could outsmart the market, then why should I put up with companies that are useless (looking at you BT/Openreach)? I’m not going to set up my own cable for me, it’s not feasible, but if the community did, why not? What if the council made that decision by itself? I don’t see a public policy problem. This is not saying, let them run free. Just use a bit of common sense and don’t let the business lobby decide everything.

 

Normally I do not add anything personal, but it was fantastic catching up with some of the UCL gang!

Entry 39

Feeling better today and I ended up going to the Tottennham vs Apoel match (Spurs won, so all is good in the world).  So this is another post typed on the cell, so apologies for any incorrect spelling mistakes or grammar issues.

We had an odd Equity lecture today. It was the last for the term and we spent most of it going through some revision material. It barely lasted an hour, however if we are ahead of schedule, why not? The main lesson from the lecture, is to make sure that my work is up to date before the end of the holidays, as waiting for the end of the year is just a death wish.

This was followed by Tort were we started to examine cases involving visitor liability. Understandably, children are given free reign over the world (most of the time) and are not seen as fully responsible. The issue of a rational agent vs Clapham omnibus man was evident again. Listening to some of the cases you think: “Really, how did you think jumping into a pond head first was a smart decision?” While the courts agreed with me in this particular case, when dealing with problem questions I still need to remind myself that law accepts the fallibility of man and that I shouldn’t be going too hard on the people I read about.

Finally I will quickly talk about my public law work. For the class on Friday we have to represent a German citizen post Brexit who has lost their right to work. And quite frankly I think he is screwed. There is no international treaty to help him (just loads of recommendations), as he is not a refugee or an asylum seeker. Can parliament do this? Yeah, it can do what ever it wants. Would it? Maybe not intentionally…but hey, have you seen the UK government? They make the simple look impossible and the make the impossible a fantasy.