🔍 Topics Covered:
Why European pension funds are rethinking U.S. equity exposure
The “Chart of Truth” and its implications for global allocations
The unexpected strength of retail investors in recent rallies
Mag 7 dominance, Nvidia’s market impact, and AI euphoria
Why Apple might be the ultimate funding short
A deep dive into the “Bushy” portfolio and why 60/40 is broken
How inflation volatility shapes asset choices and international diversification
The case for owning Goodyear and Korean utilities
The problem with adjusted EBITDA and financial storytelling
How being a generalist can be a competitive investing edge
⏱️ Timestamps:
00:00 – Why $9 trillion in European pensions is a big risk for U.S. markets
03:00 – Sell in May: LOL and the hated rally
06:20 – The “Chart of Truth” and global equity rotation
08:30 – Career risk for non-U.S. institutional allocators
12:00 – Policy pressures, financial repression & capital wars
13:00 – The Mag 7, Highlander thesis, and Nvidia’s contribution
18:00 – Why Apple might be dead money (or worse)
20:00 – Building the Bushy portfolio: structure, yield, and diversification
24:00 – Why trend following is in the portfolio—and what’s not
26:00 – Thematic plays: gold, energy, EM dividends, and tail hedges
31:00 – Why tires (yes, tires) are a compelling investment case
35:00 – Tariffs, Goodyear restructuring, and the EV tire trade
38:00 – Korean utilities and fire-first investing
40:00 – The power of being a generalist in today’s market
44:00 – How AI tools make generalist investing even easier
47:00 – The growing backlash to BS accounting
49:00 – A contrarian AI take: Meta breaks ranks?
50:00 – Rupert’s lesson for investors: JOMO over FOMO
51:00 – Don’t emulate your heroes—craft your own investing path
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