Rethinking Diversification: Alex Shahidi on Risk Parity and the 60/40 Problem

Lead-Lag Live

Rethinking Diversification: Alex Shahidi on Risk Parity and the 60/40 Problem
In this episode of Lead-Lag Live, I sit down with Alex Shahidi, Managing Partner and Co-CIO at Evoke Advisors, to talk about why most portfolios aren’t nearly as diversified as investors think — and how risk parity aims to fix that.
We dig into why the traditional 60/40 portfolio fails, how to truly diversify against growth and inflation shocks, and why today’s market risks make balance more important than ever.
In this episode:
Why “balanced” portfolios are still stock-heavy
How risk parity works — and why it’s really about true diversification
Building portfolios that avoid “lost decades”
Why inflation risk has returned after decades of stability
How today’s concentration in U.S. mega caps could backfire
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챕터

1. The Challenge of True Diversification (00:00:00)

2. Alex's Investment Framework (00:07:03)

3. Risk Parity vs. Traditional Portfolios (00:09:38)

4. The Implementation Challenge (00:12:48)

5. Navigating Current Market Uncertainties (00:14:59)

6. Closing and Resources (00:17:35)