"Quality is the contrarian investing of today."
"This market has not been risk-off. It has been risk-swap. Effectively we are swapping out of the areas of the market that we think are AI disrupted into areas that either benefit from the AI infrastructure, or those that cannot be disrupted."
"Gold does well when the world is chaotic."
"Our role is not to be the engine of a portfolio, but the driver. By accepting that the market provides the propulsion, we can stop trying to push the car and focus instead on keeping it on the road."
"Quality is the contrarian investing of today."
"This market has not been risk-off. It has been risk-swap. Effectively we are swapping out of the areas of the market that we think are AI disrupted into areas that either benefit from the AI infrastructure, or those that cannot be disrupted."
"Gold does well when the world is chaotic."
"Our role is not to be the engine of a portfolio, but the driver. By accepting that the market provides the propulsion, we can stop trying to push the car and focus instead on keeping it on the road."