I’ve never been the biggest fan of working from home — I enjoy the hubbub and camaraderie of the office too much. So, it’s been an unusual experience to manage a business and watch the recent market volatility via a laptop perched on top of a few stout books.

Every crisis has its unique qualities and drivers, but a few behavioural truths tend to be common to all. For a start, investment timeframes tend to shrink when markets crash. This temporal tunnel vision is part of our natural “fight or flight” reaction and helps explain why the February to March sell-off was so sharp.