NW Mutual's Schutte: Diversification isn't dead, and '25 will prove it

Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Co., says that the current stock market reminds him of the late 1990s -- with a super strong dollar, a few stocks driving the market while the others are mediocre, where the American market and economy are exceptional and more -- but as economic seasons changed, it was the rest of the market that thrived. That's what he sees happening again now, so he is preaching diversification, especially toward small-cap stocks but also with international investments and commodities, as a way of growing and protecting a portfolio in 2025. In The Book Interview, financial columnist and historian Rodney Brooks discusses "The Rise and Fall of the Freedman's Savings Bank and It's Lasting Socio-Economic Impact on Black America," and Eric Schoenstein, portfolio manager and chief investment officer at Jensen Investment Management discusses quality investing in The Market Call.