{"id":219149,"date":"2026-10-28T12:09:59","date_gmt":"2026-10-28T16:09:59","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/living-in-a-tuna-world\/"},"modified":"2026-10-29T11:28:14","modified_gmt":"2026-10-29T11:28:14","slug":"living-in-a-tuna-world","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/living-in-a-tuna-world\/","title":{"rendered":"Living in a TUNA world"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Readers, rest assured, this post has nothing to do with fish. TUNA was a new acronym your author learned recently at a <a href=\"https:\/\/urldefense.com\/v3\/__https:\/\/link.dealclouddispatch.com\/ls\/click?upn=u001.qbwLc-2BqKzU00tPRzBJ2Jk5uLo-2BGGFf-2BrT4NmllQGYXCxLnvsnSdx4qdjBLfTop8tOhbW_4SXpRP5KRSUOp-2FQJkTxfxk87Kyl5l1J6rNEPsBMAnw9oXtfzUWKtEHpmpyAeDrGuyDsypShCgJsIMwUtXYGtdA3OZKnhGOyG23b6SLgrPkoXx0I-2F1eadNneaDo4THgkMNIMpD1q8039CMDa4TToYUCq8whgNVu3toOoYA4kRBREDlKnDOevc7mTG-2Bmkb1B79UMgzWHxeNiOdgpcDLCEEURCB-2F6iXs99f8RXh7vIJLmD117SBQp-2Bs7scl2eTX5nD6nBVIVOJuGfCHVWF9lMbi-2FXOTvbA2hhB3T2QU8x9xBFau7PJezjDlaUp3fcj704QQliekAu-2B6MEZ9UGEBAylw3RckY-2BRheaUG2FQMYnzYs40-3D__;!!FDKD93KylVk2!5oGoX02bfHchFtoYWvMwB3e_CJ7_qXZL0h8J76XwQzMAhsB2d1NR_UulHw-539eAnF14O5-ETVU8sybQm5phRQvjtXs8Jc_beqwuxju2$\" target=\"_blank\" rel=\"noopener\">major conference<\/a> he attended on digital transformation. It stands for \u2018turbulent, uncertain, novel and ambiguous\u2019 and applies to the world in which we are currently living, according to Lord Toby Harris, Chair of the <a href=\"https:\/\/urldefense.com\/v3\/__https:\/\/link.dealclouddispatch.com\/ls\/click?upn=u001.qbwLc-2BqKzU00tPRzBJ2Jk2bTKrocf-2BySkjhewvaIIfb4cAQkROOXmhbXOhAX0UK1ERwTOpShdmtBgXB5gZh50Q-3D-3Dwvfm_4SXpRP5KRSUOp-2FQJkTxfxk87Kyl5l1J6rNEPsBMAnw9oXtfzUWKtEHpmpyAeDrGuyDsypShCgJsIMwUtXYGtdA3OZKnhGOyG23b6SLgrPkoXx0I-2F1eadNneaDo4THgkMNIMpD1q8039CMDa4TToYUCq8whgNVu3toOoYA4kRBREDlKnDOevc7mTG-2Bmkb1B790FsnOJGpCATDlY3lBvP112B77g5XLUmT4xs23qLiWElSCOwZ-2B7nutqqvuEuYZ6hlScXYk1UiD54s5ZZg6mIUGqIUIsEnTWuj4SewEpyuc1P0vvCqZKllssaxOckNzgY4T-2BO6o1ozbjtgd9878owthp0-2BJknpyBjYlO-2BoDYaEkPo-3D__;!!FDKD93KylVk2!5oGoX02bfHchFtoYWvMwB3e_CJ7_qXZL0h8J76XwQzMAhsB2d1NR_UulHw-539eAnF14O5-ETVU8sybQm5phRQvjtXs8Jc_ben9fGW3z$\" target=\"_blank\" rel=\"noopener\">National Preparedness Commission<\/a>, who gave a keynote speech.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK Commission was founded in November 2020 in the wake of the COVID-19 pandemic. Its purpose is to promote whole-of-society preparedness, prevention, mitigation, response and recovery from major national crises and disruption. The stark message delivered by Lord Harris was:&nbsp;<strong>\u201cas a nation we need to be better prepared.\u201d<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Imagine no water or electricity. How might hospitals and other critical infrastructure operate? Would we have sufficient supplies (of food, for example), particularly given the UK\u2019s high reliance on imports? Might the public not trust official information in a world subject to rampant disinformation? Anarchy was one possibility mooted, given \u201cour societal systems are fragile.\u201d The UK\u2019s <a href=\"https:\/\/urldefense.com\/v3\/__https:\/\/link.dealclouddispatch.com\/ls\/click?upn=u001.qbwLc-2BqKzU00tPRzBJ2Jk-2F2WImGXpmx7nZAQ1HYt6yVNGvlUGJ3OEVI8zqud67WE2HYTd13gJG-2FJ6qW-2BdzHuCF8J5qoWmyU-2FDimAL20bOAY-3Dq8WZ_4SXpRP5KRSUOp-2FQJkTxfxk87Kyl5l1J6rNEPsBMAnw9oXtfzUWKtEHpmpyAeDrGuyDsypShCgJsIMwUtXYGtdA3OZKnhGOyG23b6SLgrPkoXx0I-2F1eadNneaDo4THgkMNIMpD1q8039CMDa4TToYUCq8whgNVu3toOoYA4kRBREDlKnDOevc7mTG-2Bmkb1B790A6s4eJmepw5DPKZ4aTqkbuEqGgVX9bf314jIdB53SH0Bo2cOMSGrsnZDDrSA3SzNvC2zHWk7EsFXRQq-2FTOdMDOaPP4gefK2Am33PAKGs5BHs7GD2bWrDJOs9S8JpL-2BWN1DXg0a-2FxCODdlzkJoqwPR7NyUBB7jJOBCI1ldPXIVk-3D__;!!FDKD93KylVk2!5oGoX02bfHchFtoYWvMwB3e_CJ7_qXZL0h8J76XwQzMAhsB2d1NR_UulHw-539eAnF14O5-ETVU8sybQm5phRQvjtXs8Jc_ber-lGyVv$\" target=\"_blank\" rel=\"noopener\">National Risk Register<\/a> counts 95 \u201cacute\u201d potential threats, 10% more than a year ago. <strong>There is nothing in the Register that contemplates \u201cAI going rogue and escaping its sandbox.\u201d<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The good news is that it\u2019s not all doom and gloom. Lord Harris stated on many occasions <strong>the importance of \u201cbuilding preparedness\u201d by \u201crecognising that unexpected things will happen\u201d<\/strong> &#8211; be it another pandemic, a severe cyberattack, a major power outage or some other unforeseen black swan event. Talks such as this matter, as they can help drive \u201ca shift in the collective mindset.\u201d Consider too maybe a torch with new batteries, a wind-up radio and lots of drinking water stored at home.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your author was fortunately accompanied at the conference by his colleague, Heptagon\u2019s Chief Technology Officer (pictured and featured in <a href=\"https:\/\/urldefense.com\/v3\/__https:\/\/link.dealclouddispatch.com\/ls\/click?upn=u001.qbwLc-2BqKzU00tPRzBJ2Jk3-2FHCTa-2Bl8IYyRRjnyIw9AqeyN1dwlyksJbMep6UYfOU29vlo9F42t5PM4oczxrTK3KTkmob09ntA5jmWCQPkkU-3DudsI_4SXpRP5KRSUOp-2FQJkTxfxk87Kyl5l1J6rNEPsBMAnw9oXtfzUWKtEHpmpyAeDrGuyDsypShCgJsIMwUtXYGtdA3OZKnhGOyG23b6SLgrPkoXx0I-2F1eadNneaDo4THgkMNIMpD1q8039CMDa4TToYUCq8whgNVu3toOoYA4kRBREDlKnDOevc7mTG-2Bmkb1B796-2FPDBfbIYKUGsJQXWIQISpX6hV7Xq2ezjVe2cVKlShCT8JJUm1BNzSz6qRBV6qAPK4xZMpTollPsIVj1iEhQKjRW0AGOfPeWU13ynWcN-2F5sAIyB1G0WwWhm3vct2jeo8GMGR0AY4A4MoXqXsrOKE8XhOcZ0Uqr-2BDUsJDc-2Ffj6MY-3D__;!!FDKD93KylVk2!5oGoX02bfHchFtoYWvMwB3e_CJ7_qXZL0h8J76XwQzMAhsB2d1NR_UulHw-539eAnF14O5-ETVU8sybQm5phRQvjtXs8Jc_beksuL7lp$\" target=\"_blank\" rel=\"noopener\">prior Blog posts<\/a> this year). When asked how a firm such as ours might prepare for a TUNA world, it was reassuring to learn about the full disaster recovery plans and data back-ups that exist. Just as importantly, he stressed <strong>how \u201cpushing an era of paranoia\u201d where \u201ceveryone follows best practice\u201d (for example, in cyber hygiene) represents a winning strategy and can help inspire \u201cherd immunity.\u201d<\/strong> &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8212;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Originally Posted October 28, 2026 &#8211; Living in a TUNA world<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The above is provided for information purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Any forward looking statements are based on assumptions that may change. The views expressed are solely those of the author at the time of writing. The author of this piece has no personal direct investment in the business. This article should not be relied upon for investment decisions. Past performance does not predict future returns, the value of investments and income from them can fall as well as rise.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Readers, rest assured, this post has nothing to do with fish. TUNA was a new acronym your author learned recently at a major conference he attended on digital transformation. It stands for \u2018turbulent, uncertain, novel and ambiguous\u2019 and applies to the world in which we are currently living, according to Lord Toby Harris, Chair of the National Preparedness Commission, who gave a keynote speech.<\/p>\n","protected":false},"author":597,"featured_media":216390,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[146,147,8,12,148,7],"tags":[4709,4710,4416,4711,4712],"contributors-categories":[277],"class_list":["post-219149","post","type-post","status-publish","format-standard","has-post-thumbnail","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-business-continuity","tag-critical-infrastructure","tag-cybersecurity","tag-disaster-recovery","tag-risk-preparedness","contributors-categories-heptagon-capital"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Living in a TUNA world | Traders&#039; Insight<\/title>\n<meta name=\"description\" content=\"Readers, rest assured, this post has nothing to do with fish. 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