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2026

Decision Note 005: Uncertainty does not eliminate opportunities. It changes the way we evaluate them. The quality of your decision matters most when certainty matters least.

Uncertainty Doesn’t Eliminate Opportunities. It Changes the Way We Evaluate Them.

Decision Notes · No. 005 Over the past few weeks, one question has come up more than any other. "Should I wait before buying?""Should I sell now?" These are completely understandable questions. Periods of geopolitical and economic uncertainty naturally make investors pause and reassess. One lesson I've learned over the years is that the right decision is rarely the same for every...

Decision Note 004: Experience tells you what happened. Wisdom tells you why it mattered, and what to do differently next time.

Experience Tells You What Happened. Wisdom Tells You What to Do Next.

Decision Notes · No. 004 Over the years, I've had the privilege of working with investors through periods of optimism, uncertainty, financial crises, and remarkable recoveries. I've also learned some of my own most valuable investment lessons the hard way. Looking back, I realise that experience alone doesn't make better investors. There were times when I lived through market cycles without...

Decision Note 003: Some of the best decisions I have made started by listening more than speaking. Have you ever changed an important decision because you listened to a different perspective? I have.

Why Better Investment Decisions Begin with Listening

Decision Notes · No. 003 Some of the best decisions I've made started by listening more than speaking.Over the years, I've come to appreciate that listening isn't a passive skill. It's an active part of making better decisions. Listening to different perspectives doesn't mean we have to agree with all of them. It gives us the opportunity to challenge our own thinking before reaching a...

Decision Note 002: We often judge decisions by their outcome. I believe we should first consider the quality of the thinking behind them. Have you ever seen a good decision questioned because the outcome was disappointing? I have.

Separating Decisions from Outcomes

Decision Notes · No. 002 One lesson I've learned over the years is to separate the quality of a decision from the quality of its outcome. In business, investing and leadership, we often evaluate decisions only after we know the result. I've seen thoughtful strategies produce disappointing outcomes because circumstances changed unexpectedly. I've also seen poor decisions praised simply...

Decision Note 001: The market rewards patience more often than predictions. Do you think patience is an undervalued investment skill today? I do.

Why Patience Often Outperforms Market Predictions

Decision Notes · No. 001 If there's one lesson the markets have reinforced for me over the years, it's this:We often admire people who predict the future. Yet many of the best investment outcomes I've witnessed came from people who simply remained disciplined when others became impatient. I learned that lesson the hard way during the 2008 financial crisis. Watching my own portfolio lose...

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