Erring on the side of caution

Honesty may traditionally be the best policy but, after the past half a dozen years, advisers may be forgiven for thinking caution runs it a very close second. Indeed, while the rest of the world appears infatuated with gambling, investment often seems focused simply on safety and responsibility, thereby ensuring clients have a nest egg to retire on or that those school fees are reassuringly secure. No-one could really argue capital preservation has not been the order of the day. But does that mean everyone has to go down the same route as George Eliot's famous protagonist Silas Marner and...