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In this quarterly update, I shall review the Soda and Whisky Portfolios alongside Venture, our deep-value research service. ByteTree offers active investment management research. Active, as opposed to passive or index-tracking, means active management delivers an outcome that will often differ from the market, either better or worse. Over the

Not only did the Federal Reserve cut interest rates last week, but on Tuesday, the Chinese launched a bazooka of the financial kind. They pledged to cut rates by 0.5% and potentially another 0.25%to 0.5% later in the year. There was also a 0.5% cut