"Experienced Managers Seek Refuge in Tangible Assets Amidst Potential 6% 10-Year Yield"

Veteran money managers Harris "Kuppy" Kupperman and Louis-Vincent Gave warn of big volatility ahead and offer ideas on how to protect against it. Kupperman is bullish on hard assets that are below production costs and have strong cash flow, such as uranium, offshore energy, and land. Gave believes energy is the new anti-fragile asset class that diversifies portfolios, despite being overlooked due to ESG constraints and a challenging decade. Both managers are in it for the long term, aiming for the next 300% rather than short-term gains. They caution that easy monetary policy and generous fiscal policies may work against markets, and Kupperman warns that if the 10-year Treasury yield reaches 6%, most risk assets could blow up.