@choffstein Interesting comments @choffstein. Related, the preference for income vs selling down holdings, when the former is a higher tax event (assuming LTCG). Seems to always be an objective for income when really not necessary.
@Schultz_Report I don’t know. Brady and Erin Andrews have homes at Yellowstone. Andrews and Thompson are close with Stafford’s wife. Can play connect the dots on this one.
@GestaltU More off benchmark risk such as higher qual structured credit, private loans, bank hybrids, and diversifying alts such as managed futures. Not wholesale policy/strategic adjustments. Not sure it makes sense to adjust policy given higher rates make bonds more favorable long term.