Phillip Toews, founder of Toews Asset Management and author of "The Behavioral Portfolio," unveils the pitfalls of the traditional 60/40 investment strategy. He examines historical market failures, revealing how this approach could have led to severe losses during economic downturns. Toews highlights the concept of 'adaptive fixed income' and critiques current monetary policies, suggesting new pathways to protect wealth. He introduces 'hedged equity' strategies, promoting portfolios that prioritize investor psychology and long-term stability, while also addressing the dangers of 'corona bias' in financial decision-making.
