Jay Pelosky on the Coming Boom, Mega-Tech Weakness and Big Government
Jay is the founder of TPW Advisory and former top ranked head of asset allocation at Morgan Stanley. In this podcast, we discuss: The implications of a tri-polar world. The biggest boom is underway.. Which asset classes will perform in this new regime. The problem with a 60:40 portfolio. How to play clean energy (ICLN, ECAR) and why old energy (XLE) may still perform. Focusing on core themes: clean energy, innovation, fintech, and cyber. The Biden revolution that everyone is missing. Why rising rates won’t hurt stocks. Why ARK will outperform FAANGs (RSP >SPY). How non-US and EM (EMQQ) will outperform US. Why US-China risks are overstated. Books that influenced Jay: Against the Gods: The Remarkable Story Of Risk and Capital Ideas (both Peter Bernstein), Age of Ambition (Osnos), Devil Take the Hindmost (Chancellor), The Unwinding (Packer), and The Great Risk Shift (Hacker)