James Mahon and Jeremy Wharton: Two assets to help preserve capital

Successful investing is about managing risk, not paying more than good value for assets, and not being afraid to hold cash when you cannot find assets at the right price. With volatility continuing to disrupt markets this year, good investment opportunities with fair valuations have become scarce.  Finding returns at valuations that justify the associated risk have been hard to come by over the last few years so any investor looking to preserve capital would do well to take a very cautious approach. This being so, two investment instruments now particularly stand out. Convertible bond...