Jeffrey Gundlach, CEO of DoubleLine Capital, has evolved his investment style over the years, and although he is still the “bond king”, increasingly he has become multi-asset with a focus on getting the macro right. In this interview with Real Vision CEO Raoul Pal, Gundlach explains how he thinks about time frames, position sizing based on asset class, and how his style changes based on whether the market is alpha or beta driven. He also provides his current outlook, arguing that there is not much opportunity in this environment and that the most important thing at the moment is managing risk while patiently waiting for the next big trade. He also touches on timely topics like the potential for a wave of insolvency, why he believes we are in the midst of The Fourth Turning, his skeptical view of bitcoin, and why he is bullish on the dollar in the short term despite his highest conviction macro view being pronounced dollar weakness. Filmed on October 1, 2020.