Investors should prepare for extreme events that can cut the value of their investments, Cliffe says. In the fourth instalment of a series for eZonomics on lessons from the financial crisis, Cliffe warns to prepare for volatility. The series of 10 lessons show his personal view.
Insurance "will always be cheaper when you think you don't need it"
“Seek advice on means of insuring or hedging against extreme events,” said Cliffe. “Products that protect your investment will be more highly valued in future – and, like all insurance, it will always be cheaper when you think you don’t need it.”