If you find yourself lost at sea in a rubber dingy with some matches and can only rescue one item from your sinking yacht, the advice from the coastguard is to take a shaving mirror. As it is the most powerful tool you have for communicating your presence. In sunlight, a simple mirror can generate five to seven million candlepower of light. The reflected sunbeam can even be seen beyond the horizon.

Second is a 10 litre can of oil/gasoline mixture (clue as to how to use is the matches!).

For asset allocation (more than a few portfolios have been sunk on the rocks in recent years) we recommend that histograms are the most powerful tool to communicate risk and were fortunate enough to present some distributions at the MSCI Investment Briefing.

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