Duck's Folly
It's becoming something of a distant memory now, but back in the
late 1980's and early 1990's Lloyd's (the insurance market) managed
to stuff (financially, that is) about 20,000 people. The amount of
'stuffing' varied from a few tens of thousands of pounds up to seven
figures and well beyond. Anthony Goddard was in the latter group,
but took the view that it was a self-inflicted wound, that nobody
else was going to feel sorry for him or bale him out, so it was
better to kick on and start again.
Another Lloyd's underwriter based in Australia, took a similar view.
Having owned half of Queensland (or whatever) he had to sell up and
move to a smaller bungalow, which he named "Duck's Folly" - this
being an anagram of "F*ck Lloyd's". Not being quick-witted enough to
come up with this himself, when he read about it Anthony's reaction
was to think it was a wonderful name for a beer... |
