Here’s how club members are investing now and what they are doing to protect their assets against a coming change in the wind on tax policy.
Warren Buffett wasn't too worried about the election because division is eternal and the wealth curve keeps rising throughout the political cycle.
Biden's threat of tax increases would reduce the incentive for people to invest in U.S. stocks but will be good for the emerging markets Mobius loves.
Divided government implies less fiscal stimulus and no new taxes, Dr. Doom says. However, in his view, the economy is weakening as COVID continues.