Timing, as every investor knows, is everything. But calling the market does not only apply to business; the principle extends to acquisitions that aren’t usually considered ‘strategic’. For example, now is a very good time to fly on a private jet, buy a second-hand Rolex (but not a new one), or shop for discounted luxury goods from high-end fashion houses.

However, it is a very bad time to buy a luxury car, take a trip to a Chanel boutique, or book a business-class flight to go on a city break.