Game on - tactical investing risks

(Image: Getty)

Sat, 01 Mar 2025

In the US military, a "red team" evaluates the effectiveness of US tactics and personnel. Red teams test assumptions, challenge groupthink, and identify weaknesses in plans. In other words, war games.A favourite client who ran a sleave (a decent amount of capital) of Michael Dell's family office (MSD Capital) once shared his blueprint for building an investment framework with me. It was gold and shaped a lot about how I think about investing. One of those pages, and arguably the most important, was the "red team" pa...

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