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The Importance of Diversification in the Stock Market
macro managers are supposed to provide a cushion for investors that they have something working for them even when other things don't. So, I don't feel bad at all if on a given yes stock market goes up a lot and I'm not catching up to it or maybe not on having such a great year. My more of a like test of my medalist, how can I do well when stock market goes down? That way biased towards something which is not depending on stocks, something which offers up to you. And I think that's a good thing which offers good protection of stocks go down. It is natural for me to be in that position.