I read investment letters from famous investors and catalog them for easy reference. Select and timely podcasts and videos also.
Saturday, January 30, 2021
John Polomny: WSB Gamestop Play Is Just Another Manifestation Of Central Bank Corruption Of Our Money
MacroVoices: #256 Russell Napier: Prepare for Secular Inflation
How are stocks rallying to new all-time highs amidst the ongoing pandemic?
Stimulus into real economy – will this still support the stock market?
How far Bond Yields could go
Financial repression and inflation outlook
Inflation may be good in the beginning but for how long?
Benefits of inflation on the stock market
Perspectives on commodities including Copper and agriculture
Gold vs. Bitcoin
Is there a strategy to evade financial repression?
Wednesday, January 27, 2021
Jeremy Grantham: Waiting For The Last Dance, The Hazards of Asset Allocation in a Late-stage Major Bubble
The long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. Featuring extreme overvaluation, explosive price increases, frenzied issuance, and hysterically speculative investor behavior, I believe this event will be recorded as one of the great bubbles of financial history, right along with the South Sea bubble, 1929, and 2000.
These great bubbles are where fortunes are made and lost – and where investors truly prove their mettle. For positioning a portfolio to avoid the worst pain of a major bubble breaking is likely the most difficult part. Every career incentive in the industry and every fault of individual human psychology will work toward sucking investors in.But this bubble will burst in due time, no matter how hard the Fed tries to support it, with consequent damaging effects on the economy and on portfolios.
Make no mistake – for the majority of investors today, this could very well be the most important event of your investing lives. Speaking as an old student and historian of markets, it is intellectually exciting and terrifying at the same time. It is a privilege to ride through a market like this one more time.
Tuesday, January 26, 2021
Meb Faber: Episode #278: Lucas White, GMO, “Since Inception Of The Strategy…We’ve Been Buying Companies At A Significant Discount, Yet Our Portfolio Has Had Earnings Growth That Far Exceeded The Broad Equity Market”
In today’s episode we’re talking all about resources and climate change as an investment strategy. Lucas sets the stage with why he believes the resource sector offers a huge opportunity and currently trades at an 80% discount to the broad equity market. Then we dive into GMO’s climate change strategy. Lucas explains what led them to focus on climate change and clean energy and officially launch a strategy in 2017. We talk about the allocation to different areas, including copper, food and water.
Monday, January 25, 2021
Frank Holmes: Closing the Gold Window Opened the Door to Modern Monetary Theory (MMT)
The drawback is that, in the years since the end of the gold standard, there’s been a significant and growing lack of discipline when it comes to government spending. Before 1971, there was a natural limit to how much money could be printed. New issuances were dependent on the amount of gold sitting in the nation’s coffers.
Today, with the dollar backed not by a hard asset but by the “full faith and credit” of the U.S. government, the federal debt is closing in on an astronomical $28 trillion, which is more than 130% of the size of the U.S. economy.
Sunday, January 24, 2021
John Polomny: Get Ready For The "Crack Up Boom". AIA Weekly Market Update 1-23-21
With all the money being created and injected into the economy to fight covid I am expecting a reopening of the economy to lead to a Crack Up Boom. The increased money will outstrip the economies ability to prodcue goods and services which will lead to rising prices.
It will look and feel good at first but will have the potential to end in disaster.
Grant Williams: The End Game Episode 14- Paul Singer
Bill and Grant welcome Paul Singer, Founder, President, Co-Chief Executive Officer, and Co-Chief Investment Officer of Elliott Investment Management L.P.
Among the topics covered in this extremely rare and endlessly fascinating conversation are Paul's thoughts on the importance of understanding markets are little more than mass experiments in psychology, the fallacy of 'sitting passively', the creation of value for clients and the corner into which the Fed and other central banks have painted themselves.