10 Lessons from the 2008 recession for 2021

Paul Naha-Biswas, CEO and founder of Sixley
|Mar 4|magazine1 min read

9. Diversify

But more than just holding your nerve and making smart investments, we must diversify them as our best defence against a volatile market. Looking even further back to the Great Recession, the stock market lost over 50% of its value, but gold remained resilient, Government-backed bonds, like treasuries, continued to pay interest, and some defence stocks and biotech stocks had positive returns. A more diverse portfolio of investments would have softened the blow. And that is also true for businesses and their customer bases in this current recession.