President Biden's decision to drop out of the 2024 presidential race serves as a reminder that, in the world of politics, things can change quickly. For traders, it means you shouldn't back up the truck and go all in on trading potential White House winners and losers.

Now more than ever it is important to remember that what companies are doing today and into the future are the biggest determinants of their stock prices.

In other words, the fundamentals of investing still matter!

Yahoo Finance Executive Editor Brian Sozzi chats with former Bridgewater Associates Chief Investment Strategist Rebecca Patterson."The most important thing for investors is that you have to put all the possible policy changes in aggregate," she says of the election, adding that you have to look at what has "already been priced in."

For context, Bridgewater Associates is the largest hedge fund in the world and arguably the most influential in markets. Patterson reveals her best investing strategies that brought her success at Bridgewater and in her prior positions at JPMorgan. Patterson is a fan of currencies and looks to demystify the process of making money on pieces of paper such as the US dollar and the Japanese yen.

"I was writing for Dow Jones and JPMorgan called," Patterson recalls about her earlier career.

"To me currency markets are the intersection of everything," she adds. She also weighs in on all things crypto and whether or not it really can become a "super power."

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