Podolsky had exposure to Russian assets in his personal portfolio before the invasion but pulled everything out because the risk of Putin invading, while low-probability, would result in permanent capital loss if it occurred.
normativepending
Speaker
Paul PodolskyEvidence Quote
“I was actually had a portion of my portfolio in Russia ahead of the invasion. And I pulled the entire thing out because I said, 'Listen, the risk of Putin invading is low, but if it happens, I'm never going to get my money back.'”
Source
Bridgewater Alum Paul Podolsky on What Russia Tells Us About the Future of the Global Order— Bridgewater AssociatesCreated: 8/12/2026, 10:29:19 PM
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