184. It’s about being roughly right rather than precisely wrong

LF Ruffer Diversified Return managers Duncan MacInnes and Ian Rees talk us through their new product and explain why their “tractor over sports car” approach is hugely beneficial in these challenging times. The managers also explain why we are now at the end of a 30-year bull market and the implication that may have for investors looking for diversification. While capital protection is at the heart of their investment process, the pair also explain why the “always boring, always bearish” Ruffer tag is unfair and why they feel some companies in the commodities, industrials and financials sectors will perform well in an inflationary world.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.