AI: The current threat of a second Cold War may impact investment portfolios. The author recommends considering assets that could suffer from higher interest rates and increased volatility, such as growth stocks and technology stocks. It is recommended to allocate assets across different industries and asset classes, including consumer staples, healthcare, defense, cybersecurity, agriculture and soft commodities. It is also important to consider diversification at a global level, given potential sanctions and protectionism. Finally, the author recommends adding traditional alternative assets such as gold and industrial materials to the portfolio.m. Consider the outlook for the world and its economic situation, as well as your own circumstances and investment objectives.