My mid-week morning train WFH reads: • What Do You Believe About Investing? Asking questions about what an investor believes, or what their investment philosophy is, can increasingly feel like a mundane tick box exercise quickly covered by some generic, unfalsifiable answers. This really shouldn’t be the case. Investment beliefs are the foundation to any approach and will likely define its success or failure. An underwhelming process supported by some robust beliefs will likely do just fine, whereas flawed beliefs won’t be saved by a good process. The investment beliefs we hold should underpin any decision we make, without them it becomes incredibly difficult to make coherent choices – particularly dur ing spells of market stress. ( Behavioural Investment ) • The Trade: The war produced a market mechanism. Someone knew how it worked before the public did . Every announcement moved markets and every extension of a deadline crashed oil. Then escalation would push it back up and the cycle would repeat.…