Today’s guest is Marc Seidner, PIMCO’s CIO of Non-traditional Strategies. He is also a generalist portfolio manager and a member of the Investment Committee.

In today’s episode, Marc explores why the investing landscape has changed from one led by economics to one increasingly shaped by politics and geopolitics. He explains why bonds may offer one of the most compelling opportunities in years, while private credit continues to show stress.

He also touches on the K-shape economy and why real assets may help portfolios withstand a more uncertain world.

(0:00) Starts

(1:50) Global economic landscape

(4:47) Golden age of fixed income

(7:32) Equity vs. fixed income ownership

(10:13) K-shaped recovery

(15:06) Private credit concerns

(17:49) Value over growth, global diversification, and real assets

(24:50) International diversification & emerging market bonds

(33:05) IPO landscape

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Past guests include ⁠Ed Thorp⁠, ⁠Richard Thaler⁠, ⁠Jeremy Grantham⁠, ⁠Joel Greenblatt⁠, ⁠Campbell Harvey⁠, ⁠Ivy Zelman⁠, ⁠Kathryn Kaminski⁠, ⁠Jason Calacanis⁠, ⁠Whitney Baker,⁠ ⁠Aswath Damodaran⁠, ⁠Howard Marks⁠, ⁠Tom Barton⁠, and many more.

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Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠).

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