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Ruffer Review 2019
Download the first edition of the Ruffer Review. This is our annual review and covers a range of topics from natural capital to behavioral finance and inflation.
Make America Inflate Again
Our era of price stability is coming to an end. Expect regime change, and a more inflationary future. There are lessons from 1960s America.
On starlings and casinos
Prospect theory, complex systems research and the work of two physicists can help investors make better decisions.
Behind the illusion of stability
The epicentre of risk in the financial system has moved.
Natural capital: why investors should care 
For investors, natural capital is no longer purely an environmental concern. It is also a financial one that should not be ignored. Changes to our natural capital will affect entire sectors bringing investors both opportunities and risks. A deep understanding of these issues will leave investors well place to make good investment decisions.
Book review – Disrupted
Candy walls and the cult of a company.
A new world disorder?
World order encompasses everything: it is a neglected driver of long-term returns. What might today’s tectonic shifts mean for investors?
TINA turning?
February 2019: Rising returns on cash may cause investors to withdraw from riskier assets such as equities and corporate bonds
Triple B or not triple B? That is the question…
January 2019: Growing risks in corporate debt markets spell big trouble – and big opportunities
Investment Review
January 2019: “I thought you chaps at Ruffer said that you’d never lose money for me – what’s gone wrong?”
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