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The sharp fall in markets in August was a sign of things to come, according to Ruffer, but one that investors haven’t heeded, with positioning and sentiment becoming even more extreme.
Alex Lennard from Ruffer speaks with James Dunn at The Inside Network’s Asset Allocation & Portfolio Construction Symposium on ‘inverting the telescope’ and what clients hate the most.
The pursuit is focused, relentless and uncompromising – dismissive of any potential consequences. So what happens when the addiction is to risk?