I’ve received even more mixed messages than usual in the last week. “The market is racing”, “Things have ground to a halt”, “We’re so busy we can’t cope”, “Where’s everyone gone?” are just a sample. Whilst Harold Wilson’s observation that “a week is a long time in politics”, has certainly been true so far this year, the reality is that for most businesses, reacting to every slight change in the market could be dangerous. That said we must all keep a constant eye on the prevailing wind and make sure we anticipate the major changes of direction without changing tack at every gust.

Talking of politics, I recall a wonderful conversation I enjoyed with one of our speakers at a dinner in the house of commons, where he sketched out this illustration on a piece of paper. What followed is one of the most incredible stories I’ve ever heard with a lesson I feel is very relevant for these choppy conditions.

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