GM62: How to Build a Future-Proof Portfolio ft. Bob Elliott

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 5 June 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, Cem and I welcome Bob Elliott, the founder of Unlimited Funds and former right-hand man to Ray Dalio at Bridgewater. Bob shares what he learned from his decade at Bridgewater and discusses the unique income-led economic expansion currently happening in the US, contrasting it with typical credit-driven expansions. He also explains why most investors are wrongly positioned in today's macro landscape and how they can create a balanced and diversified portfolio. Bob emphasizes the importance of optimizing portfolio allocation to protect against market volatility and unpredictability, and he discusses how to gain access to alternative investments, along with the challenges these assets present. Finally, Cem provides an update on his outlook for 2024.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Cem on Twitter.

Follow Bob on Twitter.

Episode TimeStamps:

01:42 - What Bob learnt from working close to Ray Dalio?

04:24 - The secret to Bridgewaters success

07:17 - Elliott's perspective on the current global macro framework

10:46 - The outlook for interest rates

15:31 - Is inflation here to stay?

20:48 - The outlook for asset allocation

25:48 - The role of demographics

30:04 - A collective memory

32:53 - Advice for achieving a balanced and diversified portfolio

36:37 - Elliott's approach to diversification

42:22 - How to get

Transcript

Click on a timestamp to play from that location

0:00.0	Most people holding the 6040 portfolio have a huge bet on peace and globalization.
0:13.0	It's been the truth in the past, but it is not necessarily the norm in the future.
0:19.0	And so a critical thing is to help to create a diversified
0:23.3	portfolio that helps protect against less globalization and more global conflict is not an
0:29.9	exercise in projecting that it might happen. It's recognizing and having the humility to understand
0:36.6	that you don't know what's going to happen.
0:38.9	And so it's much more important to be prepared for a lot of different outcomes than for any one particular outcome.
0:46.4	Imagine spending an hour with the world's greatest traders.
0:50.2	Imagine learning from their experiences, their successes, their successes, and their failures.
0:56.0	Imagine no more. Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world,
1:02.0	so you can take your manager, due diligence, or investment career to the next level.
1:07.0	Before we begin today's conversation, remember to keep two things in mind. All the discussion
1:12.1	we'll have about investment performance is about the past, and past performance does not
1:16.6	guarantee or even infer anything about future performance. Also understand that there's a significant
1:21.7	risk of financial loss with all investment strategies, and you need to request and understand
1:26.7	the specific risks from the
1:28.1	investment manager about their product before you make investment decisions.
1:32.2	Here's your host, veteran hedge fund manager, Nealz Kostrup Larson.
1:42.4	Bob, welcome to the podcast, and thank you so much for joining Jim and I today for what I'm sure will be an insightful and fun conversation as part of our global macro series.
1:51.5	Now, since this is your first time on the show, I do want to ask a little bit about your background, but since I'm sure many of our listeners already know of you, I would like to ask them in a
2:02.0	slightly different fashion. So you spent 13 years at Bridgewater and you write on your
2:07.7	LinkedIn profile that you were Ray Dalio's right-hand man for a decade. Now, this must, of course,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Niels Kaastrup-Larsen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Niels Kaastrup-Larsen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.