Most would agree that you need a deep and broad knowledge of economics and financial markets. But Ruffer believe that an active imagination is the real key to anticipating the major, era-defining market moves and positioning portfolios properly in advance.
Most asset managers are trained to think about making money. But Ruffer think in terms of preserving their clients’ capital at all times. That’s because avoiding the big market declines is at least as important to long-term returns as capturing the big advances.
And the new era of higher, more volatile inflation presents heightened risks which call for unconventional, well-calibrated portfolios with the agility to navigate – and, where possible, take advantage of – the turmoil.
Ruffer’s annual flagship publication is available now. Amongst other things, it explores why cold porridge won’t necessarily keep the bears away, what Potemkin’s bones signal about magical thinking and how the monetary cavalry won’t come in time to save Wall Street. To find out more, please subscribe to receive your copy.
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