Wall Street is bracing for Friday’s jobs report and next week’s Consumer Price Index print, which will provide key insight into the health of the economy as inflation remains a stressor. These two reports will be weighed by the Federal Reserve in its next interest rate decision, with many hoping to see 1-2 cuts by the end of the year. Is it possible? And is the market ready?to break down the history of inflation and how to best manage risk in an uncertain economy.
You were looking at some other crashes throughout history and you saw the analog, can you describe what that was like, just kind of living through that?First of all, we were a lot younger and I think that part of your risk tolerance when is a little higher when you're younger and maybe a false sense of confidence as well.
But at the end of the day, we can't take away from the fact that Paul was a great trader and well, he had, yeah, he had a game plan and he stuck with it. So there are some new products, I think you have to take into account the products, the political environment and and the economic environment and all three of those together.And is that gonna push things because gamma is always a problem uh the huge growth in private credit.I don't need to tell any of your audience of what's happening around the world.
And if we don't get our fiscal house in order, and that has nothing to do in my opinion, with spending because it has a lot more to do on the revenue side. So uncertainty put simply it's a process of monitoring and dealing with the financial risks associated with investing.But what does it mean to you risk management?
So the further your time frame in terms of how long you wanna trade, the smaller you should trade because the uncertainty is larger. The risk management for them is diversification and, and trying to understand that everything going up together at certain times which were a little bit and now raises short run risk.If you're younger and investing, you have to be willing to accept the pain.
But if I wanna invest in an LP through a regulated SEC, then all of a sudden I have to be rich to do it. And I told him, I said, you know, Jim, if you think you have enough confidence in me in numbers, that's a good thing because in the history of the world, very few people have math theorems named after him, by definition, much fewer were alive.So you have my utmost respect and that's coming from somebody very tech oriented himself.
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