Simple strategies are the best

Investors were shocked in 2008 when they discovered diversifying a portfolio could not get rid of risk. Economists were less unsettled. They tend to look at a whole range of views, examining data and information domestically and globally in order to form an opinion about what might happen next.

“We’re interested in the future. But the only guide is the past and that is an imperfect guide, particularly as our understanding of the past changes as future unfolds,” noted John Redwood, chairman of Evercore Pan-Asset Capital Management.

Redwood, a Conservative MP since 1987, held senior investment roles at Robert Fleming and NM Rothschild in the 1970s and 1980s and since then has been a pension trustee, investment committee member for an Oxford college, chairman of an investment company and a