#63 - Paul Podolsky: Art and Science in Investing

13 snips

Mar 25, 2025

In this conversation, Paul Podolsky, Founder and CIO of Kate Capital and former portfolio strategist at Bridgewater Associates, shares his wealth of knowledge in investing. He explores the fusion of art and science in investment strategies, discussing the complexities of market volatility and the necessity for personalized approaches. Paul critiques conventional wisdom, particularly the risks tied to relying on the S&P 500, and delves into the critical roles of gold and Bitcoin as diversifiers. He highlights the importance of adapting strategies amidst geopolitical uncertainties.

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ANECDOTE

Soros's Investment Diary

George Soros's "Alchemy of Finance" details his week-by-week struggles with market predictions.
It highlights the importance of flexibility and adapting to dynamic markets, similar to a kaleidoscope.

INSIGHT

Podolsky's Holistic Approach

Most investors are long-only and siloed in their asset knowledge.
Paul Podolsky’s framework considers asset declines, viewing stocks, bonds, currencies, and commodities as an interconnected picture.

INSIGHT

Art and Science of Investing

Investing involves both art and science, using left-brain analysis and right-brain intuition.
Rigorous analysis is crucial, but imagining future interactions is equally important.

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Paul is the founder and CIO of Kate Capital. He shares insights from his career as a Bridgewater strategist, author, and content creator, discussing his investment framework, the art and science of investing, and his views on inflation, market trends, and geopolitics.

This podcast/webcast is provided for informational purposes only and should not be considered legal, tax, investment, or business advice. It is not a solicitation, recommendation, or endorsement. All opinions expressed by participants are their own and do not necessarily reflect the views of the Evoke Advisors Division of MAI Capital Management, LLC ("Evoke”), its affiliates, or any companies mentioned. Information shared has not been independently verified by MAI or its affiliates. MAI Capital Management, LLC (“MAI”) is registered with the U.S. Securities and Exchange Commission ("SEC"), which does not imply any particular level of skill or training.

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Statements herein are general and may not reflect an individual’s or entity’s specific circumstances or applicable laws, which vary by jurisdiction. Further, speakers’ views are personal and may differ from Evoke and MAI recommendations and are not specific investment advice; and do not consider client objectives, risk tolerance, and diversification. Guests may have current or past relationships with Evoke and MAI, its affiliates, or the host, including as clients, service providers, or business partners. Participation does not constitute an endorsement or testimonial. No compensation has been paid or received for guest participation unless disclosed. MAI and its affiliates may have business relationships with entities mentioned in this podcast, which could create potential conflicts of interest. These relationships may include advisory services, investment management, or other arrangements. MAI seeks to manage such conflicts consistent with its fiduciary obligations and policies.

(As of December 22, 2025)