Some years ago, a dear friend visited with her husband and her children, who were 11 and 9 then. The parents were debating something: one parent was insisting that children should have only the best things, whereas the other was saying that if they do not occasionally eat bad food or experience rubbish quality, they will never learn to discern good from bad.
The children were immensely fond of hot chocolate. So every day I made them some hot chocolate. I serve hot chocolate in small espresso cups which contain enough, and encourage slow savouring of the drink. They were served three hot chocolate drinks over three days โ a mass market brand hot chocolate, a mid range but moreish Florentine hot chocolate, and then hot chocolate made straight from couverture.
After that blind test, I asked them to rank their preferences. The children conferred and unanimously pronounced the one made with the couverture the best, followed by the Florentine hot chocolate. They were unimpressed with the mass market one – heavy on sugar and lecithin, low on cocoa.
Considering their ages, this assessment and their discernment was doubly impressive.
I thought about that visit and that exercise in developing discernment as I set out to write my book this year.
๐๐ข๐ฏ ๐ฐ๐ฏ๐ฆ ๐ธ๐ณ๐ช๐ต๐ฆ ๐ข ๐ฃ๐ฐ๐ฐ๐ฌ ๐ข๐ฃ๐ฐ๐ถ๐ต ๐๐ฏ๐ค๐ฉ๐ข๐ณ๐ต๐ฆ๐ฅ ๐๐ฑ๐ข๐ค๐ฆ๐ด ๐ธ๐ช๐ต๐ฉ๐ฐ๐ถ๐ต ๐ค๐ฉ๐ข๐ณ๐ต๐ช๐ฏ๐จ ๐ด๐ถ๐ค๐ฉ ๐ด๐ฑ๐ข๐ค๐ฆ๐ด ๐ฐ๐ฏ๐ฆ๐ด๐ฆ๐ญ๐ง? ๐๐ข๐ฏ ๐ฐ๐ฏ๐ฆ ๐ธ๐ณ๐ช๐ต๐ฆ ๐ด๐ถ๐ค๐ฉ ๐ข ๐ฃ๐ฐ๐ฐ๐ฌ ๐ง๐ณ๐ฐ๐ฎ ๐ข ๐ฑ๐ญ๐ข๐ค๐ฆ ๐ฐ๐ง ๐ค๐ฐ๐ฎ๐ง๐ฐ๐ณ๐ต, ๐ข๐ฏ๐ฅ ๐ด๐ข๐ง๐ฆ๐ต๐บ ๐ข๐ฏ๐ฅ ๐ฆ๐ข๐ด๐ฆ ๐ฐ๐ง ๐ฐ๐ญ๐ฅ, ๐ธ๐ฐ๐ณ๐ฏ ๐ด๐ญ๐ช๐ฑ๐ฑ๐ฆ๐ณ๐ด? ๐๐ฐ๐ธ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ฐ๐ฏ๐ฆ ๐ฌ๐ฏ๐ฐ๐ธ ๐ค๐ฐ๐ฎ๐ง๐ฐ๐ณ๐ต ๐ช๐ง ๐ฐ๐ฏ๐ฆ ๐ฉ๐ข๐ด ๐ฏ๐ฆ๐ท๐ฆ๐ณ ๐ต๐ณ๐ถ๐ญ๐บ ๐ฌ๐ฏ๐ฐ๐ธ๐ฏ ๐ฅ๐ช๐ด๐ค๐ฐ๐ฎ๐ง๐ฐ๐ณ๐ต? ๐๐ฐ๐ธ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ฐ๐ฏ๐ฆ ๐ฃ๐ฆ ๐ค๐ถ๐ณ๐ช๐ฐ๐ถ๐ด ๐ข๐ฏ๐ฅ ๐ฆ๐น๐ฑ๐ฆ๐ณ๐ช๐ฎ๐ฆ๐ฏ๐ต๐ข๐ญ, ๐ช๐ง ๐ฐ๐ฏ๐ฆ ๐ฉ๐ข๐ด ๐ข๐ญ๐ธ๐ข๐บ๐ด ๐ต๐ณ๐ฐ๐ฅ๐ฅ๐ฆ๐ฏ ๐ต๐ฉ๐ฆ ๐ฃ๐ฆ๐ข๐ต๐ฆ๐ฏ ๐ฑ๐ข๐ต๐ฉ?
My book ๐จ๐ป๐ฐ๐ต๐ฎ๐ฟ๐๐ฒ๐ฑ ๐ฆ๐ฝ๐ฎ๐ฐ๐ฒ๐. ๐ฅ๐ฒ๐๐ฒ๐ ๐๐ต๐ฒ ๐๐ด๐ฒ๐ป๐ฑ๐ฎ. ๐ฅ๐ฒ๐ถ๐บ๐ฎ๐ด๐ถ๐ป๐ฒ ๐๐ต๐ฒ ๐๐ผ๐ฎ๐ฟ๐ฑ๐ฟ๐ผ๐ผ๐บ., which will be in your hands in April 2026, has indeed been born of taking that untrodden path.
๐ฃ๐ฟ๐ผ๐ณ๐ฒ๐๐๐ถ๐ผ๐ป๐ฎ๐น๐น๐ there were several such experiences this year alone.
I was asked to become SID to the incoming chair Charles Cade on Temple Bar Investment Trust; I am now the last remaining director with a clear memory of the fund manager change that the board undertook in the first lockdown in 2020. This professional development capped 2025.
Being on the board of a listed company in a novel asset class, and being in the thick of things as the company experienced a bidding war over it was another professional Uncharted Space experience for me. The transaction concluded in mid-2025. With a bang, not a whimper, TS Eliot may take note. The book includes the story of Harmony Energy Income Trust โ from its beginnings, its IPO, all the way to its acquisition and subsequent delisting.
The year had begun with an appointment as an external director of Ampa Group, the worldโs largest professional services B-Corp. “Bigger, better, braver” encapsulates how the firm operates, under the leadership of Sarah Walker-Smith, recognised amongst the top-20 CEOs in the UK. New sector, new ownership structure, new sector challenges of growth, financing, and AI.
In the Directorsโ Book Club that I have run for 4 years, I included two completely different ๐ง๐ช๐ค๐ต๐ช๐ฐ๐ฏ picks: Service by John Tottenham and Trust by Hernan Diaz. Not the usual fare for professional book clubs.
๐ฃ๐ฒ๐ฟ๐๐ผ๐ป๐ฎ๐น๐น๐ โ I rediscovered music. I come from a family with immense musical talent, grew up listening to music, and despite having more talented singers around, had a habit of singing aloud while doing chores. But I am a BBC Radio 4 type of person, and a poetry and lyrics fiend which means I am quite aware of words I am singing or listening to.
Resuming listening to music this year I consciously moved away from focusing on lyrics, to the visceral quality of tune and beat.
As a result the list of the top few has some surprising music artists. Here it is!
As we step into a new year, I would love to hear what Uncharted Spaces ๐บ๐ฐ๐ถ intend to explore in 2026. And what music will be accompanying you there.


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