Here joining us is chief Investment Officer of the Minnesota State board of investment. Good morning. Good morning, john. How are you . Im doing pretty well i hope you are, too. So, a lot of people trying to figure out what to do with this market your philosophy is to buy the market and not individual equities but this market has been kind of funky i wonder does big techs increasing waiting say in s p 500 concern you . How do you get as diversified as you want to be no. As i said, i mentioned before, we dont look at sector by sector weve been longterm investors and for the most part we buy the market you know, domestically we own the russell 3,000. We do have active managers, but the vast majority of our portfolio is passively managed our equity portfolio is passively managed, same on the International Side so we probably have most stocks that are available to us. Thats done pretty well for you. I wonder with this disconnect between the economy and the market that were seeing does that
All right. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . When you went to cornell, your grades were obviously very good. You applied to law school at harvard. You got into Harvard Law School. Was the class half women and half men, or . [laughter] Justice Ginsburg in those ancient days, i went to law school from 1956 to 1959. In my entering class at Harvard Law School, there were over 500 in the class. Nine of us were women. A big jump from martys class, he was a year ahead of me. There were five women in his class. And today, the Harvard Law School has about 50 women. [applause] david now, in your Harvard Law School class, you did extremely well, and you got onto the harvard law review, and you were near the top of your class, maybe first or tied for first in yo
I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . When you went to cornell, your grades were obviously very good. You applied to law school at harvard. You got into Harvard Law School. Was the class half women and half men, or . [laughter] Justice Ginsburg in those ancient days, i went to law school from 1956 to 1959. In my entering class at Harvard Law School, there were over 500 in the class. Nine of us were women. A big jump from martys class, he was a year ahead of me. There were five women in his class. And today, the Harvard Law School has about 50 women. [applause] david now, in your Harvard Law School class, you did extremely well, and you got onto the harvard law review, and you were near the top of your class, maybe first or tied for first in your class. B
Twitter shut down 32,000 accounts tied to china, russia and turkey for manipulating the platform. This after joe biden called out facebook for failing to curb misinformation and not taking a stand on political speech, oed i many who watch the by many who watch the social network. The company spends a lot of time outlining Community Standards they are supposed to enforce against all users, and when one particular user comes along who happens to send his posts from 1600 pennsylvania avenue, theres a different standard. In a lot of ways, facebook is too big to fix right now. Facebook has 2. 5 billion users around the world constantly posting in more than 100 languages. That is a system too big to govern. You have one young white man who has one experience in this life who has the control of billions of people, what they see and view. It is wrong. I dont know if he is drunk with power or simply just in a bubble. Us is someone else who has an opinion, roger an author. Ive got to get your te
Time now for the global exchange, where we bring you todays market moving news from around the world. From hong kong to jerusalem, washington to new york, our bloomberg voices are on the ground with todays top stories. In israel, Prime Minister Benjamin Netanyahu is facing a rare challenge to his lead. I am not sure i would see this day come. Reporter that is very true. Significant. Be it would change israels Political Landscape for the past kud itss and give the li first win in 20. They would have a better chance of forming a government after the third election of the year come march. David thank you so much. To turn to commodities. Oil is extending its gains as u. S. Inventories decline and optimism over a partial u. S. China trade deal grows. Youre right, those are the two drivers hitting oil this morning. Broken throughe a level on trade deal optimism, partially on risk assets. The santa claus rally really helping oil out. Another big story is the inventory decline. If it is confir