Construct the Optimal Portfolio

In this video, we delve into the impact of macroeconomic analysis on stock picking, addressing a question from a reader about its influence and providing specific examples. We distinguish between short-term “weather forecasting” and longer-term “climate change events” in macroeconomic analysis, emphasizing their significance for portfolio construction. Exploring factors like inflation rates, currency strength, and global economic health, we emphasize the complexity of forecasting and the importance of humility in investment decisions.