Sign in Subscribe

Latest

Lost Decades

Lost Decades

With inflation, taxes, strikes, political discontent, and gold soaring, it feels like the 1970s, except no one is wearing flares. I mention it because the 10-year bond yield is rising again, which means the price of bonds is falling in what could turn out to be the sixth downturn for

Meet the Resistance

Meet the Resistance

ByteFolio Issue 130; 💡This issue covers ApeChain (APE) and Ethereum (ETH). One last hurdle until the price of Bitcoin meets fresh air, and that’s the resistance associated with trading zone above $55,000. It is strange to see the bars that remind us of how Bitcoin hasn’t actually

Glitter or GLTER

Glitter or GLTER

Atlas Pulse Gold Report Issue 98; The World Gold Council (WGC) has tackled gold’s long-term “expected return” (GLTER), a forecasting method for the returns of an asset class. Traditional financial assets have widely accepted expected return frameworks, and until now, gold has been the exception. Highlights Expected Returns Glitter

My Journey in Finance: How to Build a Momentum Fund

My Journey in Finance: How to Build a Momentum Fund

Last week, I kicked off this new series by introducing why momentum works. Please have a look at Why Momentum Works before you carry on. To build a global momentum fund, you can’t look at every stock in the world; you have to cut that down to size. Too

Venture: Digital Value Update

Venture: Digital Value Update

On Tuesday, 7 October, Digital Value (DGV) was in the news as there was a raid by the tax authorities on their offices over “alleged corruption in public procurement contracts”. DGV was suspended on the Milan stock exchange in the morning. On Wednesday, we learnt that the board appointed Paolo

Clearing the Decks

Clearing the Decks

Trade in Whisky; Last week, I wrote about China, and the key takeaway is that China has been allocating, in some cases misallocating, vast amounts of capital for a very long time. We have all seen the ghost developments, bridges, dams and high-speed rail. Much of it is impressive, and

JD.COM (JD) – Take Profits

JD.COM (JD) – Take Profits

I covered JD in May. It had been a high-growth company that had sunk to a low valuation, with a strong balance sheet and strong cash flow. The situation required a little patience, but the recent stimulus package in China unleashed a strong rally. JD.COM The stimulus packages seem