Alan Greenspan, the influential economist who steered U.S. monetary policy during his five terms as chairman of the Federal Reserve under four presidents, died Monday, his wife said in a statement.

He was 100.

Greenspan helped define modern American capitalism from the final years of the Cold War era through the dawn of the digital age. He presided over the Fed during one of the longest economic expansions in U.S. history, a boom stretching from 1991 to 2001. But he was also faulted for decisions that critics say created the conditions for the global financial crisis of 2007-08, such as advocating for deregulation of the financial sector.

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Keir Starmer has informed King Charles III of his intention to depart 10 Downing Street. By September, the UK will have its seventh prime minister in the span of a decade. It’s all but certain now that the man taking the helm of the good ship Great Britain will be Andy Burnham.

There are many reasons Burnham may struggle to do much better than Starmer leading a country that, since the Brexit referendum a decade ago, has come to be described as almost ungovernable. Those problems have been examined in great detail in recent days. But it feels churlish to dwell on the impediments today. Why not focus on the many opportunities that, with a fair wind, mean Burnham could actually turn out to be a success?

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No prudent investor would build a portfolio around a single stock. But what about a single time frame?

Diversification is a standard part of the investor toolkit for managing risk. Everyone knows owning a portfolio of stocks rather than a single company reduces the risk of a devastating loss.

Investors can diversify further by spreading investments across asset classes, such as stocks, bonds and commodities, or by splitting holdings among regions, including the U.S., Europe and emerging markets.

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