The Meb Faber Show - Better Investing
Jim Masturzo - Fragile Markets, Strong Portfolios: 2025 Asset Allocation Playbook | #570
Feb 14, 2025
Jim Masturzo, CIO of Multi-Asset Strategies at Research Affiliates, dives into the shaky foundations of U.S. markets with high valuations. He discusses the stark investment landscape in China and India, emphasizing the need for portfolio diversity. Masturzo critiques private equity expectations versus public market realities and sheds light on the complexities of fixed income dynamics. He questions the optimistic outlook on AI's impact on productivity while offering strategies for risk management and effective asset allocation in today's volatile environment.
50:45
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Quick takeaways
- Jim Masturzo emphasizes the fragility of U.S. markets due to high valuations, urging investors to seek diversification beyond traditional models.
- Emerging markets, especially India and South America, present attractive investment opportunities, offering fair valuations against an overvalued U.S. market.
Deep dives
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