#portfolio-management

#portfolio-management

In 2022, the classic 60/40 balanced portfolio of stocks and bonds didn't provide much protection. In fact, it lost nearly as much as a 100% equity portfolio.

Leading legal departments are shifting from reactive negotiation to proactive pricing design, setting guardrails before rates are proposed rather than responding after the fact. This approach enables departments to establish parameters and expectations upfront, fundamentally changing the negotiation dynamic and improving outcomes.

He said that while many people set target retirement ages, people in the FIRE movement set target portfolio numbers. Unfortunately, he believes this is "inherently riskier" because you're biased towards being exposed to risk as long as possible to help your wealth grow quickly - unlike people who usually rebalance their portfolios and shift to safer assets as their retirement age nears.

The good news is that the financial landscape has evolved to offer a "paycheck replacement." The goal here is simple in that you want to have a reliable income every month that doesn't force you to sell assets, especially at the wrong time. High-yield ETFs can make this very easy by packaging income, diversification, and professional management into a single holding and offering you a "paycheck" that feels familiar.

The logic holds that when a company has a shareholder-unfriendly component of its portfolio - e.g. the business in question is cyclical, or it is low-growth or low margin - the company should diversify to make that business less-shareholder unfriendly. I take on the fallacy in this Playing to Win/Practitioner Insights (PTW/PI) piece entitled Diversification Can't Disappear a Strategy Problem: It Just Creates a Different Problem. And as always, you can find all the previous PTW/PI here.

In the new year, I'm transitioning from my general partner role at GV into a venture partner role, focusing less on new deals and more on existing portfolio projects.

Inverse exchange-traded funds (ETFs) have exploded in popularity in 2025 and are becoming more prevalent. Not every inverse ETF is worth buying, though.

Investors usually focus on stocks that already have stellar dividend yields, but your portfolio could also benefit from dividend growers.

Planforge is a robust project management tool but may not suit every team's needs, prompting users to seek simpler, more agile alternatives.

Stan Druckenmiller's Duquesne Family Office significantly reduced its portfolio in Q1 2025, exiting several stocks and facing losses amid a volatile market.