Apr. 8 at 1:08 PM
$BRK.B
$JPM $XOM $JNJ $KO
This is Richard Bernsteinâs playbook for a slower, more volatile market â and itâs all about defense + cash flow dominance.
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$BRK.B â sitting on ~
$200B+ in cash, essentially a fortress when risk assets wobble.
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$JPM â the most resilient mega-bank, still throwing off massive earnings + dividends even in a slowdown.
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$XOM â energy hedge + inflation protection. When oil spikes, cash flow follows.
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$JNJ â healthcare stability + decades of dividend growth = pure defensive alpha.
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$KO â the classic âsleep-well-at-nightâ stock. 60+ years of dividend hikes.
Bernsteinâs message is simple: when markets get shaky, own cash flows, not narratives.
If growth rolls over, this basket doesnât just protect â it outperforms.
