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Congratulations to my alma mater - The University of Virginia - on an incredible journey over the last year and a win over Texas Tech for the National Championship. Well deserved. And while the defense got you there, I'm grateful the offense was so critical to the win.
The same kind of dynamic occurs in investing. Defense preserves your wealth, while offense generates growth. In investment parlance, we often talk about these concepts by referring to risk-on vs. risk-off positions depending on forecasts of the economic environment and our assessment of how clear