Avoid the crowds in 2019; focus instead on value, gold and maybe even the UK. : Capital preservation has been the name of the game so far in the fourth quarter of 2018, and we expect that to remain the priority for much of 2019 too. To that end, we are deploying four main strategies: An obvious omission from the above list is going long government bonds. To be clear, in more normal times, we would be long the asset class by now.