CalSTRS CIO Ailman Says Economy Worse Than Statistics Show

The transcript discusses the ongoing economic and health crisis, highlighting the potential for a vaccine by year-end but noting that the health crisis will persist. The economic impact is severe, with many businesses closed, especially in California. The stock market reflects stay-at-home stocks, but the broader economy is struggling. The discussion shifts to political volatility, with concerns about a contested election and potential foreign interference. The risk of a violent transition of power is also mentioned. Diversification is suggested as a strategy for managing investment risks during this uncertain period.

What is the speaker's view on the risk of foreign interference in the election process?

What strategies does the speaker suggest for protecting investment portfolios in light of election uncertainties?