Four tips to handle any crisis, financial or otherwise

On the face of it, there’s not a lot to link the management of an investment portfolio with averting the collapse of a key bridge in Sierra Leone. That’s what I thought as I sat down to listen to former British Army engineer Nick Francis speaking at our in-house TED Talk. I was wrong. Francis’s talk was about how to respond effectively to a crisis – clearly, a useful skill when you are tasked with building emergency Ebola treatment centres in Africa and the only bridge over a 250-metre-wide river is about to crash into the water below. What struck me, however, was how relevant his four-point crisis plan is to managing money. The first step is to consider how his mental biases might be getting in the way of good decision making. Step two is an objective assessment of the situation at hand. Read the full article for steps three & four: (VIEW LINK)