Subject: OT: Some portfolio stats
As some might be aware, I am primarily a "stock picker" who minimizes the use of funds and ETF's. Back "in the day" I used to post my portfolio for others to heckle, but in the interest of brevity, I'll just point out my current state of dealing with both my geopolitical and finacial assessment of risks and expectations.

There is a huge difference between risk and uncertainty. I try to favor the first and avoid the second, but human nature makes it difficult.

My current exposure to equities is about 37%.

These are invested in markets in the following currencies:

TOTAL AUD 11.42%
TOTAL CHF 10.49%
TOTAL USD 72.79%
TOTAL JPY 5.30%

While nearly three-quarters of the investments have been made in US markets, only 45.79% of the total is invested in domestic US businesses.

I have a number of parallel concerns which this is attempting to address:

1) The reduction of the value of the US dollar because of inflation caused by a wide variety of factors

2) The bubble-like characteristics of the US equity markets (and other related US markets)

3) The understanding that an ebbing tide lowers all ships, but the US markets are starting from a higher altitude

4) The increasing string of political actions in the US which rhyme with parts of Europe during the 1930's

This portfolio structure is one that I consciously started to create decades ago and it has withstood the stresses of time. While, looking in the rearview mirror there have been many opportunities I did not take advantage of, there have also been a number I have stumbled into which have been beneficial (but opaque to most US investors). The bottom line is that I've always been able to afford three meals a day and hope that track record continues despite any disruptions.

Jeff