What Andrew Beer is saying
Managing Member, DBi
3 dated public stances tracked since 2025-03-28, most recently 2025-03-28. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Andrew Beer's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Andrew Beer is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-03-28
Long Dur Treasuries
bearish
The Compound · video
The 40% fixed income allocation that underpinned 60/40 portfolios worked in the 2000s when bonds had negative correlation to equities, but since then real yields have gone negative, max drawdown has quintupled, and correlation to equities has turned positive…
“6040 was the right answer for 20 years. It has not been the right answer for this decade”
90d +1.4% · 180d -0.9% · 1y -0.6%
Greed Is Good | TCAF 184
2025-03-28
Managed Futures
bullish
The Compound · video
Managed futures are one of the only liquid alt categories that generate genuine alpha after hedge fund fees AND have near-zero correlation to both stocks and bonds, making them effective portfolio diversifiers at a time when the 60/40 bond sleeve has broken…
“it has no correlation to stocks. And by the way, it has no correlation to bonds either”
90d +2.2% · 180d +8.3% · 1y +26.2%
Greed Is Good | TCAF 184
2025-03-28
LIQUID ALTS — LONG/SHORT EQUITY, MACRO TRADING, MULTI-STRATEGY MUTUAL FUNDS
bearish
The Compound · video
Traditional liquid alt mutual funds have delivered roughly 2% annualized over 22 years with ~0.8 correlation to the S&P 500 while charging 200bps in fees, producing negative alpha and no real diversification benefit for investors
“It's generally been a catastrophe for investors”
Greed Is Good | TCAF 184
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