Lead-Lag Live Fear and Fundamentals: Brad Barrie on Global Macro, Diversification, and the Market’s Next Big Test
Nov 6, 2025
In this conversation, Brad Barrie, Co-Founder and Chief Investment Officer at Dynamic Wealth Group, dives into the intricacies of global macro investing. He uses a fun Halloween candy analogy to illustrate true diversification and highlights how non-correlated assets bolster resilience. Brad argues that today's high valuations require tactical approaches to navigate risks and emphasizes that real diversification means preparing for uncertainties, not just relying on hope. His insights reveal how the Dynamic Alpha Macro Fund adapts to volatile market conditions.
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Diversification As Halloween Candy
- Brad Barrie compares diversification to Halloween candy to make investing less scary and relatable.
- He says investors should keep a variety of "flavors" in their portfolio, including global macro exposure.
Diversification Means Non‑Correlation
- True diversification means owning non-correlated assets, not just mixing stocks and bonds.
- Brad argues global macro strategies can provide that non-correlation during market pullbacks.
What Global Macro Actually Is
- Global macro combines "global" (any asset) with "macro" (big-picture themes) to target supply and demand imbalances.
- The strategy is selective, thematic, and avoids being "everything everywhere all at once."