This episode is brought to you by Lloyd's, which has been backing British ambition for over 250 years.

Now, when you think about it, every dynasty in history has boiled down to two important elements.

Aspiration and action.

And a classic example of this from British history,

the rise of the House of Wessex, the family of Alfred the Great and his heirs, who between

them established the United Kingdom of England. Yeah, it's a great story, isn't it? Tom. A great

lesson in leadership, I think, for anybody. So Alfred and his heirs, they marry idealism and pragmatism.

They're brilliant at alliances. They're brilliant at managing power. They're

brilliant of course at managing their money, which is a key part of political leadership.

And of course, we are all reaping the rewards of their wisdom and

foresight. When it's time to make your next move, you can bank on Lloyds to be ready when you are.

Because from new businesses to new homes and new life chapters, backed by generations of hope

and ambition, you can see, Tom, why 14 million people trust Lloyd's to help

make their dreams a reality. Based on Lloyd's internal customer data from March

26. This episode is brought to you by Artemis Fund Managers.

History has never been especially kind to drift. States lose direction.

Fortunes tend to follow, usually because no one set the course in time.

But you know, Tom investing has an equivalent.

With passive investing, you follow an index and take

everything in it, the excellent, the average, and the ones you'd rather avoid.

Efficient? Oh yes. But you follow the market as it moves, taking strength and weakness together,

and a good deal you'd never have chosen for yourself. Now, active investing is something else.

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