Nov 5th 2025 There’s a quiet kind of comeback happening in portfolios this year—the return of 60/40. Not the 1980s version with a cigar in one hand and a Fed put in the other. I’m talking about a new, more disciplined 60/40—one rebuilt on higher yields, cooling inflation, and a dose of AI humility. A few weeks ago, my Copilot and I ran a full diagnostic on the classic mix. What came out wasn’t nostalgia—it was validation. Setting the Stage The bot started by pulling five deca

Nov 6th, 2025 By Parson Tang It was 7:45 p.m. in the lobby of the San Francisco Marriott when Sarah Lopez, the CIO of a foundation I’ve advised for years, stopped me with a familiar mix of urgency and fatigue. “Parson,” she said quietly, “the board meets tomorrow morning. I need proof our 40/30/30 policy can still fund scholarships without giving up our U.S. overweight.” I smiled. “Then we have one night to make the data speak louder than opinions.” That’s how it began — one