The Safest of Them All: What If Safe Assets Aren't Safe? (ft. Vincent Mortier, Group CIO of Amundi and Deputy CEO of Amundi AM)

A king looks into a mirror and asks a simple question: "Markets, markets on the wall, who is the safest of them all?"

For centuries, investors have sought refuge in gold, government bonds and cash. Yet history tells a more complicated story. Inflation erodes cash. Rising rates punish bonds. Even gold can fail to protect when investors need it most.

In this episode of 2050 Investors, Kokou Agbo-Bloua explores a provocative idea: safety is not something you buy, it is something you build. Drawing on finance, philosophy and economic history, he examines whether safety is an intrinsic property of an asset or the result of diversification, adaptation and sound judgment.

To deepen the discussion, Kokou welcomes Vincent Mortier, Deputy CEO of Amundi Asset Management and Group Chief Investment Officer. Vincent shares his perspective on today's markets, the evolving role of safe-haven assets and the challenge of building resilient portfolios in a world where old certainties are being challenged.

From Spinoza to Sartre, from gold to Treasuries, from crowd psychology to portfolio construction, this episode is a thought-provoking conversation about risk, resilience, and the search for certainty in an uncertain world.

Listen to this episode of 2050 Investors to understand what it will take to adapt in a more volatile world.

Credits

Presenter & Writer: Kokou Agbo-Bloua. Producers & Editors: Jovaney Ashman, Jennifer Krumm, Louis Trouslard.

Sound Director: La Vilaine, Pierre-Emmanuel Lurton. Music: Cézame Music Agency. Graphic Design: Cédric Cazaly.
English voice: Barry Neumann

Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice. 

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