Anyone who says they have a detailed plan on how to manage a series of unpredictable events is headed for disappointment, writes Luke Hickmore, investment director of fixed income at SWIP.
When Sun Tzu penned The Art of War in around 500BC, he described the role of strategy. He differentiated strategy from planning. While planning involved working through an established list, strategy involved...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress