Last week, we took Cody on the road to see institutional clients in Helsinki, Liverpool, Manchester and London.  The snow has not yet arrived in Helsinki, but warm hats and coats are definitely required!

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Pictured (L-R): Cody Willard with Freedom’s Alan Walker on the cold evening streets of Helsinki, Nov 2026

Democracy wins the day in the US

Well, we were right about one thing …. the dramatic headlines.  The good news is that democracy won the day in the US.  I think we should all take that as a win.  Some Democrat-leaning hystericals were even predicting that Trump would declare martial law.  He didn't.  

In the run-up to such a high-stakes election, the decision trees of how things might have developed were so spread out that any scenario seemed plausible - and any winning asset allocation change would simply have been down to luck.  With that set of unattractive probabilities, the wisest thing to do is to sit tight and do nothing - even if, temporarily, that might come with a few frustrations.

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