Letters

Most people feel a sense of completion once they have written a will. The documents are in place. The structure is agreed. The assets will be distributed correctly. Legally, everything has been taken care of. Often, that is where the thinking stops. But something important has not yet been addressed. A will answers one question. Who gets what. It rarely answers the deeper ones. What is this wealth actually for. What is it intended to enable. What responsibilities, if any, com

Every decade or so, the investment world seems to discover a brilliant investor. Performance is strong. Money flows in. Profiles appear in newspapers and magazines. Conference invitations follow. Investors begin repeating the same sentence. “He really understands markets.” At first glance, this seems entirely reasonable. Some investors must be better than others. Some must see opportunities that others miss. Some must recognise patterns before everyone else. For a time, the e

Most people describe themselves as cautious with money. They do not want to rush decisions.They prefer to wait for clarity.They believe it is sensible to move carefully. Often, it is. But not always. Much of what passes for financial caution is something else: avoidance, mislabelled as prudence. The distinction matters because the two behaviours lead to very different outcomes over time, even though they feel similar in the moment. The central claim is simple: for many though