Richard Wertheimer and Clint Dodson, provide insights on the performance and investment strategy of Fort Street Asset Management. They emphasize the importance of defensive positioning in the fund and diversifying investments across various buckets to mitigate risks. They note the aim is to protect assets, and they never bet everything on a single strategy or investment.
They discuss the performance of their fund in October, which outperformed the S&P 500 and a 60-40 blend in a declining market. They attribute this resilience to their defensive stance and diversified approach. The conversation shifts towards the broader economic landscape, with concerns about rising interest rates, inflation, and geopolitical risks.