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Michael Larson discusses the focus on generating returns for a foundation and private investments, emphasizing a bullish stance on US and global businesses. The strategy involves over 60% in equities, despite a long bull run and low yields across asset classes. He notes the difficulty in predicting market turns and anticipates lower absolute returns in the coming decade compared to previous ones.

What is Michael Larson's outlook on US and global businesses?

• Uncertain

• Bullish

• Neutral

• Pessimistic

What percentage of investments is maintained in equities according to the strategy discussed?

• 70%

• 50%

• Over 60%

• Less than 40%

What is the current investment posture regarding cash holdings?

• Entirely in equities

• Not in a defensive posture

• Balanced between cash and equities

• Mostly in cash

Why is predicting market turns considered challenging?

• Due to high market volatility

• Because of stable market conditions

• Because market turns are easy to predict

• Due to lack of historical data

What is the expectation for absolute returns in the next decade compared to previous decades?

• Unpredictable

• Lower than before

• The same as before

• Higher than before