Jonathan Tweedie

But what I do think they get right is they support, they are much more likely to recognize that bit that no one knows what tomorrow looks like.

So when you are giving advice, you are not giving guarantees of things happening.

You cannot give guarantees of things happening.

you need to provide the education so people understand.

People understand risk is what you need to educate them for.

You need somebody to recognize that if they are saving, they can afford risk in their early years because statistically, they will be absolutely fine over the length of this, but you need to draw down risk as you get close to the point where you actually need access to the capital.

So that you create an environment where people know how to accumulate and how to decumulate wealth.

I don't think people understand that today.

I look at my own family and go, they save safely because they're risk adverse.

Well, I go, actually, that's quite a high risk strategy because it's unlikely to meet your needs and objectives.

You've got to know when you can afford to take risk and you can afford to take risk when you've got time on your side.

So I think the biggest difference is

is you have to develop trust really quickly.

I mean, effectively, let's be really clear about what the military does.

It takes very young men and asks them to put the young men, young people these days, and asks them to put their life...

on the line by putting it into clear and present danger.

And to do that, they're unlikely to do it for the king and country.

They do it because they're protecting the person next to them and they trust the person who's leading them.

So you've got to create an environment where your junior leaders are trusted by their soldiers almost instantly.

It's really hard to do because when you leave Sandhurst, you're not very good.