HIGHLIGHTS: Greg Jensen - Co-CIO of Bridgewater Associates

What It Covers

Greg Jensen, Co-CIO of Bridgewater Associates, outlines three macro themes shaping markets: modern mercantilism, AI transformation, and concentrated capital flows into US equities.

Key Questions Answered

• •Modern Mercantilism: The US has shifted from post-WWII global cooperation to economic nationalism, using tariffs as leverage while other nations lack coordinated response, though US goodwill among global voters collapsed from 2024 to 2025.
• •Portfolio Survival Strategy: Focus on surviving diverse scenarios rather than picking winners by maintaining global diversification, as the last fifteen years of US equity dominance represents a trap that conditions investors away from risk management.
• •Compounding Organizational Knowledge: Bridgewater writes down every belief and decision in human-readable and computer-readable formats, allowing new team members and AI systems to access decades of market understanding and track how thinking evolved over time.