What You Don’t Know Can Hurt Your Portfolio, Bernstein Tells SHOOKtalks

Old investing rules simply aren’t working when it comes to insulating clients’ portfolios against the economic risks posed by the COVID-19 pandemic.

“Will it get better or worse than people think?” asks Richard Bernstein, who runs a Wall Street firm by the same name. “There is a ton of uncertainty and a ton of pressure on business.”

While many embrace momentum investing, Bernstein is a contrarian. He takes a top-down approach by focusing on macro trends. Bernstein is aligned more with Black Swan logic, a philosophy dictating that what you don’t know is far more relevant than what you do know.