Show Us Your Portfolio: Mike Green
Excess Returns
00:00
The Complexity of the 6040 Portfolio
The 6040 portfolio is actually remarkably complex, but it seems to be very simple, right? It's one of the reasons why as we were talking earlier, I emphasize the dynamics of treasuries. My read on Paul Volcker is that he made a terrible miscalculation in terms of fighting inflation got sucked into the monetarist theories. But if you move beyond that error, and by the way, I think Jerome Powell has repeated that error except under more adverse conditions,. We're likely to see an extended period of very positive returns for fixed income going forward, assuming we don't blow ourselves up in the process.
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