Invest­ment guru Marc Faber calls Trea­suries junk bonds. Best-selling Black Swan author Nas­sim Taleb says, “It’s a no brainer, every sin­gle human should short US Trea­sury bonds.”  And there is a new expres­sion among traders on Wall Street these days, “any­thing but Trea­sury bonds” or ABT for short. Is the con­ven­tional wis­dom right?

This week on Wealth­track, Con­suelo Mack poses the ques­tion: What place do US Trea­suries, bonds in gen­eral, stocks and alter­na­tive invest­ments have in an invest­ment port­fo­lio in today’s mar­kets? The guests are Robert Kessler, head of Kessler Invest­ment Advis­ers and one of For­tune Mag­a­zine’s “Top Amer­i­can Investors” and David Darst, Mor­gan Stanley’s chief invest­ment strate­gist and author of The lit­tle book that saves your assets.

Note: The tran­script of this inter­view is not avail­able yet, but will be posted here as soon as it arrives.

Source: Wealth­track, Feb­ru­ary 18, 2010.

Dr. Prieur du Plessis is an investment professional with 26 years' experience in investment research and portfolio management. More than 1,200 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns, including his blog, Investment Postcards from Cape Town. He has also published a book, Financial Basics: Investment. Prieur is Chairman and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and a number of foreign countries. He also serves as Honorary Consul of Slovenia for South Africa, actively developing economic, cultural and scientific relations between Slovenia and South Africa. Prieur is 54 years old and live with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His leisure activities include long-distance running, traveling, reading, motor-cycling and scripophily. Read more from the author/contributor here.

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