Bloomberg Surveillance Single Best Idea with Tom Keene: Steve Chiavarone & Nicholas Burns
May 27, 2025
Dive into the world of asset allocation amidst today's political and economic uncertainties. Discover renewed optimism in U.S. markets, particularly in technology investments. The conversation highlights the challenges investors face and the necessity of understanding client risk tolerances. Additionally, there's a thoughtful reflection on the importance of non-partisanship in government service, showcasing the need for effective long-term strategies in a complex investing landscape.
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Chapters
Transcript
Episode notes
Stay Invested Over Complex Products
- Stay invested for long-term wealth rather than chasing complex derivative products.
- Understand client risk tolerance and build tactical asset allocation to avoid emotional mistakes.
Nicholas Burns' Early Career & China Trips
- Nicholas Burns reflected on his career starting in a small African town for the State Department.
- He shared his experience traveling deep into China by high-speed train on weekends.
Non-Partisan Civil Servants' Role
- U.S. civil service employees are legally bound to be non-partisan under the Hatch Act.
- The mass firing of civil servants weakens U.S. governmental effectiveness regardless of political party.