David Weisburd
π€ SpeakerAppearances Over Time
Podcast Appearances
I know there's a lot of factors, but is this some place where you could go into cash in 10, 20 years?
Or do you always have a small portion of it that's perpetually out there?
And how should you think about time value of money and all these other factors in implementing the strategy?
Said another way, even if you're like me, where you have a ridiculous amount of percentage in alternatives and private investments, which is a topic for another day, you still want some exposure to publics.
even if it's 20, 30, 40% instead of the typical 60 to 80.
So having that within a structure that has tax benefits is smarter than a structure in the same index that has no tax benefits.
And perhaps this is an overly simplistic or not a conservative enough way to look at it, but I'm always amazed the things that people care about and the things that they don't care about when it comes to taxes.
So one is they might not care that 35% of their money is going to go to taxes, but they're hyper-focused on...
What is my tracking error on this index?
Am I going to get 10% versus 11% or 12% versus 11%?
Whatever that is, they're hyper-focused on this and not hyper-focused on the guaranteed zero and 35% of their portfolio.
Last time we chatted, we talked about private credit.
You believe we are not in a private credit bubble.
Why do you believe we're not in a bubble?
And how do you look at gaining exposure to private credit?
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