Bloomberg Television | Stan Druckenmiller on Fed Policy, Election, Bonds, Nvidia

Duquesne Family Office Chair and CEO Stanley Druckenmiller sat down with Sonali Basak for an extensive interview. He discussed his decision to sell Nvidia shares, the Federal Reserve’s rate cuts, tariffs, and his thoughts on the potential winner of the US presidential election.

The Convexity Maven | 2024 Election Special

The “Convexity Maven – 2024 Election Special” by Harley Bassman analyzed the unprecedented market uncertainty that surrounded the 2024 U.S. election, as reflected in the significant spike of the MOVE Index. It discussed how interest rate volatility, driven by event-specific risks, mirrored historical instances of high uncertainty, such as the Gulf War, and emphasized the broader implications for bond markets and investment strategies.

YouTube | The Amazing Recording History of Here Comes the Sun

For Beatles fan amongst you, this is a wonderful journey through the creation of one of the Fab Four’s most loved songs, George Harrison’s ‘Here Comes The Sun.’

Memos from Howard Marks | Ruminating on Asset Allocation

Howard Marks’ memo “Ruminating on Asset Allocation” reflected on the evolving landscape of asset allocation and its critical role in portfolio management. He emphasized the distinction between ownership and debt as fundamental asset classes, discussed the balance between risk and return, and recommended increasing allocations to credit investments given their attractive returns and lower volatility relative to equities.

CFA Institute | Unlocking Stock Market Success: Why You Should Embrace the Skew

C. Thomas Howard’s article “Unlocking Stock Market Success: Why You Should Embrace the Skew” explored the unique dynamics of stock returns, emphasizing the importance of understanding positive skew in long-term investing. While highlighting the challenges of volatility and risks, he explained how rare but significant tail events drive long-term stock market success and argued for tolerating these events to unlock the full potential of equity investments.

YouTube | Empire State of California Love

MLB released a #WorldSeries promo titled “Empire State of California Love.”

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