Bloomberg Surveillance Single Best Idea with Tom Keene: Frances Donald & Richard Clarida
Jun 12, 2025
Investment strategies are evolving, highlighting the need for alternative assets. The podcast discusses the aviation industry's hurdles following a recent tragedy, emphasizing risk management's importance. There’s a fascinating exploration of gold's comeback in monetary policy, with central banks increasing purchases. The historical significance of gold as a stable asset amidst inflation is also examined, showcasing its renewed place in investment strategies.
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Episode notes
Managing Extreme Uncertainty
- Business leaders face extreme uncertainty requiring flexible risk management.
- They must prepare for multiple scenarios rather than relying on a single forecast.
Understanding the Economic Game
- We cannot plan business strategies until we understand the fundamental economic environment.
- The current challenge is identifying the 'game' before writing the playbook.
Investor Preference for Gold
- Richard Clarida shared an experience with an Asian official investor about gold's appeal.
- The investor emphasized gold's default-free nature over inflation-indexed securities.