David Sowerby: Tilted to Offense in My Portfolios

The video discusses the current state of the bull market, focusing on Dow 20,000 and investment strategies. It highlights the benefits and risks of investing in small and mid cap stocks, considering their volatility and potential for high returns. The impact of corporate tax reform on the market is analyzed, along with the challenges faced by public sector pension plans due to unrealistic return assumptions. The discussion emphasizes the importance of strategic investment decisions in navigating market trends.

What is the significance of being 'tilted offense' in portfolio management?

How does the speaker view the relationship between small cap stocks and market conditions?

What are the potential risks associated with investing in small and midcap stocks according to the discussion?

What changes in fiscal policy and tax policy does the speaker anticipate, and how might they affect small cap stocks?

Discuss the implications of the average public pension's assumed rate of return as mentioned in the text.