Ken Griffin

This sounds like a trick asset, a know your customer ALM question.

Sounds like I need to call the FBI and go, I've got a suitcase full of cash here.

So we've got clean money.

Clean money.

Great.

So first of all, thank you for being here in South Florida.

It's still about 40 degrees warmer than New York.

So yes, 55's freezing, but it's not truly freezing.

So if I was handed a suitcase of money today, this is like such a strange way to frame a question.

Look, what investors need to focus on is what is the purpose of their portfolio.

And so if you're in your early 20s, your investment objective is very different than if you're in your mid 70s.

And you need to always invest your money from the vantage point of what you need to achieve with your investment portfolio.

So if you're in your 20s, even though the equity markets is somewhat frothy right now, you're still going to be investing the preponderance of that money in equity markets around the world.

And if you're in your mid-70s, obviously, you worry about inflation.

You worry about downside risk.

You worry about the fact that you don't have 20 or 30 years, potentially, as your investment horizon.

You're going to have much more of that money invested in tips or in commercial real estate or in other assets that have greater protection from the potential damaging influence of inflation.

She had way too much fun with that.

Look, the US dollar has lost some of its luster over the last 12 months.

There's no doubt about that.