Among other things, partners must consult governing partnership agreements to determine whether they are contractually permitted to take inconsistent reporting positions.

Early on, distinguish “must-have” investments that contribute to your core mission and “nice-to-have” expenses that can wait.

The US has some of the ingredients that sparked the fall in gilts, very high debt levels and a political system that has managed to make Truss look normal.

Asian equities were mixed overnight as South Korea and Japan underperformed following Minneapolis Fed President Neel Kashkari stating that there might not be interest rate cuts in 2024 if inflation remains “sideways”. The sideways comments led investors to ease their pain with some red wine, but not Merlot!

In making their decision, they ran all the numbers, including arguably the most valuable one of all: time.

When mistakes do happen, you can minimize the impact by taking a measured approach.