Onramp Media Multipolar Investing: Geopolitics, Risk, and the End of the 60/40 Portfolio
Jun 4, 2025
Jacob Shapiro, Director of Research at Bespoke Group, specializes in geopolitical analysis, while Rob Larity, their Chief Investment Officer, focuses on protecting generational wealth. They uncover how geopolitical dynamics are crucial for modern investment strategies. The conversation dives into the impact of U.S.-China relations, the challenges of U.S. fiscal policies, and the importance of integrating scarce assets like Bitcoin. Their insights shed light on the need for adaptability in navigating today's multifaceted investment landscape.
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Geopolitics Defines Modern Risks
- Geopolitics studies nation-states as organisms with needs and constraints.
- It regained relevance post-1990s with the shift to multipolarity, impacting investment thinking.
Multipolarity Spurs Volatility Spiral
- In a multipolar world, volatility rises across policy, markets, culture, and tech.
- Investors must focus on protection and leverage innovation opportunities globally, not just U.S.
Multipolarity Replaces Bipolarity
- The world is not bipolar but multipolar with multiple regional powers competing.
- U.S. policies erode trust, prompting countries to seek autonomy and reduce reliance on America.