A second wave would get interesting...

In a sneak preview of our WAM Vault series, Geoff shares the principles he has learnt from navigating multiple investment market meltdowns over his four-decade career. In the current environment, “hope is not a strategy”. WAM Vault launches this Thursday 21 May.

WAM Vault is now live. We invited James Marlay from Livewire Markets to conduct a series of discussions with Geoff Wilson AO, Kate Thorley, & Lead Portfolio Managers Catriona Burns, Matthew Haupt & Oscar Oberg. Watch, read, & listen at bit.ly/2zG80Sb

We believe the recent market fall to have been caused by various macroeconomic themes. Demand for repos spiked, & what followed was an upward trend in the equity market despite the rise in VIX. Subscribe to our weekly market updates bit.ly/2V0Fy4r

Precious Metals Positioning. Since the Feb peak, Funds slashed positions 62% (-$30Bn), one of the largest selling waves of all time. It was the only time this ever happened while Gold prices went UP. Could this be the setup for an acceleration move higher, similar to 2010-11?

The strong market rebound has faced a stress test in recent trading sessions as coronavirus cases rise with the reopening of global economies. We are focused on how markets, governments and central banks will respond. Subscribe to our market updates bit.ly/2V0Fy4r

1) Exceptional essay from Bucky Moore. Best thing I’ve read on software in a while. Grateful to @edwards_deming for highlighting it to me. My summary and thoughts in the rest of the thread 👇 kleinerperkins.com/perspectives/a…

Have US 30Y bond yields peaked? Probably, but let’s look at some data. Only 8X since the early 1990s have US 30Y bond yields risen >1% YoY. Over the 12 months that followed, bond yields fell 100% of the time. Different this time? You decide. Just here to give you some facts.

Before, the only way to learn from investing legends was to get into Columbia Business School. It featured greats such as Ben Graham, Joel Greenblatt & Bruce Greenwald. Today, the internet has made education available to all for FREE! The top 5 'lectures' by fund managers:

10 Twitter threads that are 100% worth your time:

What’s the most mind blowing presentation / talk you’ve ever seen? Bonus if there’s a YouTube or recording available

Stan Druckenmiller is one of the world’s greatest money managers and has traded through market cycles for more than 30 years. In 2015, he gave what is now a timeless discussion about markets and processes at the Lost Tree Club. Here are 7 takeaways from his speech.

I’ve worked at Goldman Sachs and helped manage over $5.5B. Here are 16 pieces of unconventional investing advice: 1. Price is a terrible way to measure value. If a stock price is low, there’s a reason for it.

Twitter offers you the ability to earn a 2-year (and $93,000 dollar) MBA... In a fraction of the time and for a $93k discount. But 99.8% miss out on this irresistible offer. Here are the 8 best threads that will accelerate your investing in 2023:

One of the best ways to learn about the Copper Industry is by studying the Top 10 Global Producers. I read each of the Top 10 #Copper Producer quarterly reports so you don't have to. Here's a thread on the most important data and themes from the world's largest players ... 🧵

20 Places You Must Visit Before You Die: 1. Machu Picchu, Peru

Finished going through all hedge fund pitches made on this account over the last 4 quarters. Below, you'll find a list of my top 10 favorite picks that are still actionable. 👇

Thank you Larry BlackRock for pointing to the Australia's superannuation system as a good model, and saying Australians "likely have more retirement savings per capita than any other country." We have Paul Keating one of our ex prime ministers to thank. He also introduced the

Bill Ackman is an American billionaire & hedge fund manager Ackman instructs his new hires to read 11 books to sharpen their investing skills Here are 11 books that will elevate your investing game (+ 1 bonus):

Chart of the day: potential tailwind for equities in the unwinding of money market funds as rates come down.