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#8: Raoul Pal on Putting Together the Global Macro Puzzle
Superinvestors and the Art of Worldly Wisdom
The Importance of Understanding Your Time Horizon
If you actually have a time horizon that's not two weeks or two months or even two years, you can have a huge advantage over everyone else who has such a short time frame. The people who are taking risk are essentially the baby boomers with their pensions and retirement savings,. Those guys can't take a lot of risk. So they're forcing hedge funds to take less and less risk. All the advantage lies in the millennial and how he deploys his capital in the future.
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