Hmmm, Where Have I Heard This Before?

Bessemer Trust, the gold standard in asset management for the uber-wealthy, is positioning its clients for "geopolitical stress"  (aka, war) and inflation.

From her corner office in New York’s Rockefeller Center, the chief investment officer of Bessemer Trust Co. is putting $55.7 billion in client assets under geopolitical stress.

...

This year Patterson trimmed a portion of the investments to small-and-mid-cap stocks while adding to large-cap equities and commodities such as oil and agriculture because she thinks U.S. inflation is showing signs that it will rise over the next several years.

Oh, and she also recommends energy stocks.

Gee, where have I heard that before...?