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Bloomberg Surveillance

Single Best Idea with Tom Keene: Mike Green & Frances Donald

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 7 May 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Mike Green & Frances Donald.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

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0:05.2

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0:42.5

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0:57.9

A singleness idea on a Fed day, I think more than any other Fed day that we've done in the morning, we had less conversation on the Fed.

1:02.0

It's just the confusion that's out there in this keyword uncertainty.

1:03.9

We covered it yesterday.

1:05.1

I'll be honest.

1:17.1

I can't remember the guest, but we had a brilliant discussion of Nightian uncertainty, Nidian, K-N-I-G-H-T, Nightian uncertainty is Frank Knight, Knight, 1921. It was his thesis, I believe, at Chicago a million years ago. And it's a

1:22.9

write-a-passage. You have to read the thing. It's my recollection. It's 40, 50, 60 pages. But you have to read

1:29.7

his thesis on 90 and uncertainty, which is sort of a reachable, touchable uncertainty, even though

1:35.3

you can't see or touch the uncertainty is a simple way to put it. That's where we are right now,

1:41.7

particularly given the trade war. A lot of good conversations

1:45.0

today. We started strong. Huge response. Thank you so much out on YouTube to Mike Green,

1:52.0

five-star morning star, high-heeled fun. Mike Green with a lot of really good discussions about active versus

1:59.5

passive. Here's Mike Green on your retirement choice.

2:03.3

The quick answer is there is no right percentage, right? It's going to depend on everyone's

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