For a long time, you could make plenty of money and sleep easy at night with a simple 60/40 portfolio. You put 60% of your money in stocks and 40% in Treasuries. The stocks generally went up. The Treasuries cushioned you during times of volatility and provided income. Then we got the worst inflation in 40 years, and the Treasury part of those portfolios got obliterated. So does it still work? And if not, how should an investor think about their own personal allocations to various asset classes. On this episode, we speak with Cullen Roche, the founder and CIO of Discipline Funds and the author of the new book, Your Perfect Portfolio: The ultimate guide to using the world's most powerful investing strategies. His book goes through a number of different ideas in portfolio construction, talking about their pluses and minuses, as well as their history. In this conversation, he explains his general philosophy and how one should think about evaluating a person's circumstances to optimally design an investment portfolio.

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In some sense, the arrest of Maduro is nothing unusual. For over 200 years, the US viewed the entirety of the Western hemisphere as its legitimate domain for intervention. And of course, there's a long history of the US getting involved with Latin America specifically. But what is the Monroe Doctrine? And how does Trump's foreign policy fit into it. On this episode, we speak with Greg Grandin, a professor of history at Yale and author of America, América. Greg has extensively researched American activity in Latin America across his career. He explains the historical patterns of when America asserts its dominance in the region, and how that fits into other American policy priorities both abroad and at home.

Read more:
Post-Maduro 124% Rally Stuns Venezuela’s Battered Stock Exchange
Trump’s Team Orders Big Oil Into Venezuela: ‘Do It for Our Country’

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There are a bunch of questions right now about the future of Venezuela, and one of the big ones is what's going to happen to its circa $170 billion pile of debt. Some investors have been snapping up defaulted Venezuelan bonds, betting that a future restructuring could hand them a hefty payout. Others argue that the Venezuelan people shouldn't be saddled with debt issued by an authoritarian regime. In this episode, we speak with the legendary lawyer Lee Buchheit. Lee has worked on more than two dozen sovereign debt restructurings over the course of a 40-year career, including those of Iraq and Greece. He explains how a Venezuelan debt workout might unfold and the unique challenges that arise when trying to restructure the obligations of a sovereign nation.

Read more:
Santander, BBVA and Deutsche Lead $3 Billion Repo for Argentina
Donation From Century-Old Fund Cuts UK Debt by £607 Million

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