Don’t be a duffer: make Ruffer a buffer for rougher seas ahead

The recession underlined the need to diversify our portfolios, and Ruffer Investment Company is designed to protect against the danger of a downturn in the markets

None of us will ever get all our investment decisions right. Not even Warren Buffett can do that. Equally, none of us are likely to get all of our investment decisions wrong, unless we put all of our resources into one basket of a handful of dud companies in dud sectors.

But that is pretty much what happened in the dreadful recession and banking crisis of a decade ago, after many people had ...