@SquawkCNBC@CNBC@SecBrouillette World demand was less than supply before Covid, and since demand is down 25 mbd. 10 mbd cut? Still no place to store the excess production!
There is a lot to worry about in the world right now, but the sun will rise and we will all have another chance to make things better.
#San Francisco sunrise
A Must-Attend event! The Kellogg/Wharton Alternative Investments Summit is 3 December in NYC. Great speakers and CIO attendees - its always one of my most productive days. Join us! https://t.co/jzsCSNEz36
Kudos to Phoenix Sky Harbor for its Halloween celebration! Every gate and store is decorated, and almost every worker is in costume. My witchy gate agent, the zombie agent, and “Javier Baez” at Starbucks were particularly in the spirit. Well done, PHX! #PHX#halloweenspirit
Bloomberg asked me about endowment performance. I noted that many endowments adopt a similar implementation strategy and thus get similar results - which lately have been worse than a simple 60/40 implementation. https://t.co/5xUevKo3Od
Investor rule #1: caveat emptor! Never invest in something you don’t completely understand. If you don’t have enough time to read about and understand the investment, don’t make it. That is called being fiduciarily prudent. https://t.co/MunyOzt0aS
I’m joining Karen Tso and Julianna Tetelbaum on CNBC Squawk Box Europe tomorrow morning UK to discuss recent market activity potential future economic and market drivers. Always a good time!