Where to Go for Non-Correlated Returns

The video discusses the challenges of investing in a highly correlated market and the need for uncorrelated returns. It emphasizes the importance of selecting assets with intrinsic value and free cash flow, such as certain businesses and gold, which can act as a hedge. The portfolio strategy includes a significant portion in equities, a smaller allocation in gold, and the remainder in cash and bonds.

What is a key strategy for managing a portfolio in a market with high PE ratios and earnings pressures?

• Increasing cash reserves

• Relying on government bonds

• Focusing on assets with intrinsic value

• Investing in high-risk stocks

Which company is mentioned as having a strong position in mobile and broadband networks?

• Oracle

• Heidelberg Cement

• Diane Japan

• Microsoft

What characteristic makes gold a potential hedge in a portfolio?

• Its high utility as a commodity

• Its high volatility

• Its correlation with the business cycle

• Its scarcity and resilience

What percentage of the portfolio is invested in gold and gold-related mining shares?

• 20-25%

• 30-35%

• 11-12%

• 5-6%

Besides equities and gold, what other asset is included in the portfolio?

• Real estate

• Short-term sovereign bonds

• Cryptocurrency

• Corporate bonds