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Jan 16, 2023 • 20 tweets • 4 min read
Top 20 quotes from Ruffer Investment’s absorbing narrative on 2022-23 markets:
“The writer Charles Bukowski said ‘what matters most is how well you walk through the fire’ – this feels particularly apt to describe 2022, where investors in most asset classes got burnt.”🧵1/20
“Outside of the US dollar, there was nowhere to hide. The year saw a failure of diversification and included a remarkable three consecutive quarters of stocks and bonds falling at the same time.
It was the year when the bull market in belief (finally) died.”🧵2/20
