
#7 A Scotsman and an Englishman
Behind the Balance Sheet
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I'm Not Going to Have Any China in My Portfolio
We've kind of, robustness is the best protection against ignorance. So if we are ignorant about the future, we don't know but that stuff. And therefore we can understand that our portfolio doesn't care what president g does orpiton does,. What happens in ukrane o the next onitit doesn't really make any difference to us. We expect things to just can chunno, those can arrest primia that we're collecting. You'r not regardless. I wouldn't even call t an alpha. Alpha's hard. Alpa is very much the exception, not the rule. But there is a risk premium. There's there rest creptocurento
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