By Justine Eden
The recent Black Tuesday articles got me thinking back to 30 years when I was working in the dealing room for a share broking firm on that day that the market crashed. It was chaos and very apparent that things were going to change.
Having just left school I spent 2 years of working in finance, one year as a chalkie at the stock exchange and one in share broking. For me the ‘87 crash crystalized my plan to go to university full time. I could tell my job would no longer be there in a few months. Now of course the chalkie is also a relic of the past!
The recent Weinstein revelations also got me thinking. Sexual harassment was rife back in the day in share broking and I had my fair share of unsolicited advances from married men more than double my age, particularly when their wife was out of town. Did I want to come over tonight and have a hit of tennis? Did I need a lift home in the flash euro sports car? No thanks.
I remember sending out statements for shares purchased days, or just hours before the October 87 crash hit, for highly inflated shares now worth less than 5% of what was owing. People now desperate to sell and losing their homes because they had speculated on shares with money they could not afford to wager.
I had forgotten a lot of all of this and now it seems like a life time ago, but those insights back then cemented in my mind a kind of determination and clarity. That was to get an education, to build a career, to invest in shares with money that did not cost me the family home if they failed. To be independent and create my own business and to be able to stand up to anyone that made me feel uncomfortable or compromised in any way.
The power to choose, the ability for independence is something I have always valued greatly and it is what I hope my own daughters will experience. Cause let’s face it power is and always will be an aphrodisiac and independence is a great liberator.
As Abraham Lincoln said “..if you want to test a man’s character give him power”.