Bob Elliott, CEO, and CIO at NYC-based Unlimited Funds joined us on the show. We discussed his 13 years of experience while at Bridgewater Associates (10 years as head of Ray Dalio's investment research team), and the lessons he learned from the Global Financial Crisis and the more recent period of ecomomic upheaval, and today's macroeconomic landscape. Bob emphasized the importance of diversification, dissecting inflation, interest rates, as well as the effects of, for example, the impact of deglobalization and reshoring may have on the U.S. economy. We explore Unlimited Funds' innovative strategies of hedge fund like replication that everyday investors can now access, at far lower cost than the equivalent portfolio of 2&20 strategies. Bob stressed the significance of balancing risk in portfolios. Bob also shared insights on managing portfolio volatility, behavioral economics, and disciplined trading practices, offering invaluable advice on market assumptions and investment management.
00:00 Introduction and Host Greetings
01:36 Guest Introduction: Bob Elliott
02:41 Bob's Experience at Bridgewater
03:47 Lessons from the Global Financial Crisis
11:38 Current Macroeconomic Conditions
26:57 Impact of Interest Rates and Inflation
37:22 Gold as an Investment
41:16 Gold vs Bonds: A Comparative Analysis
42:14 Generational Perspectives on Gold
42:36 Understanding Economic Regimes
44:17 Strategic Portfolio Management
44:46 Challenges of Beating the Market
46:30 Accessing Top-Tier Asset Managers
47:33 The Role of Diversification
48:37 Replication and Manager Risk
51:19 Behavioral Aspects of Investing
01:03:09 Wealth Accumulation vs Wealth Management
01:04:59 Building a Robust Savings Portfolio
01:15:48 Final Thoughts and Best Advice
Bob Elliott on X (Twitter) - @BobEUnlimited
Bob Elliott on Linkedin - @ttoillebob
Unlimited Funds - Unlimited Funds
Copyright © AdvisorAnalyst
