Here:
That’s why the time-honored tactic of diversification remains one of the more powerful ways to protect finances from the downside. Shakespeare powerfully captured the idea when, in The Merchant of Venice, Antonio tells friends that his investments cause him no worry. "Believe me, no. I thank my fortune for it, my ventures are not in one bottom trusted, nor to one place; nor is my whole estate upon the fortune of this present year. Therefore my merchandise makes me not sad."
In times of trouble, Chris likes T-bills as an inflation hedge, and investment grade corporates for return. And diversification, of course.