SUBSCRIBE TO OUR FREE NEWSLETTER at adamtaggart.substack.com (or upgrade to premium to receive our "Adam's Notes" summaries to this interview & all others on this channel, plus the new MacroPass service)
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
Finding financial advisors like Jane Nina Pickett who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Jane Nina Pickett turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Adam, this is one of the many reasons I subscribe to your channel and your Substack. No one else is discussing this stuff. You have a way of bringing technical matters down to the common manner woman and allow us to do additional research ourselves to see if these kinds of alternative investments makes sense for us or not. Thank you so much.
I watched this entire interview, and I still have no idea what a "Managed Futures" fund actually invests in to make a return. Saying they trade futures is not an answer.
They think their quant brains and PhDs give them an edge to beat the market, so they will make leveraged plays on anything that trades on futures markets, probably with a sprinkle of male astrology (TA) in there.
@@JacobSamuelsMemphisyes I am trying to drive a point here and ask why anyone would use the fund if it can't beat s&p during the 2 year period 2022 and 2023. Most trading strategies/actively managed should be able to do this imo if they are worth putting your money into.
@@nastynate4481 the point of non-correlated investments is to have something in your portfolio that ziggs when everything else like the S&P zaggs. So conceptually if you add managed futures to your portfolio you should improve the risk adjusted returns over a full cycle. Most everything you own will correlate during a market crash, managed futures funds, if executed well will go up in that environment.
I would love to hear Lances thoughts on this when you get a chance. I know he is going on vacation but one thing he has always said that has helped me a lot as far as what to pay attention to as far as news and products is what are the people you are listening to trying to sell. What do they gain from what they are saying? Obviously Andrew as incentive to try to get people to invest into his ETF as he gets increased gains than. This does not mean that it is not a good investment or that he is not trying to help the little guy but it is important to understand this side of it as well.
Managed futures are also known as trend following strategies. Simplify Asset Management have a EFT called CTA and their website have a good explainer video. Personally I like the idea of putting 5% into this sort of strategy and if stocks and bonds go down, you have something that might go up.
This was completely uninformative. What is their strategy for investment? What futures products do they trade? Are they long/short? Do they sell premium? WTF do they even do?!?!? lol
Great job Adam. Super interesting guest and an important addition to the conversation about how to build a diversified portfolio to weather life's inevitable uncertainties. I'd also be interested to see an interview with another firm in this space -- Simplify ETF's. They have a similar product. Compare and contrast.
You should present structured notes on one of your programs. You can buy an S & P 500 structured note and beat most investments. Leveraged upside.downside protection.
Agree the interview with Andrew Beer left much to be desired! The problem is, you can't pin down "managed futures" as a substantive trade. All it really means is, "using futures to pursue opportunistic long/short positions in debt, equities, currencies and commodities". In other words, it can be used to pursue any number of potentially contradictory trades. So, the key word is "managed". You need to do your own research to get a sense of the investment philosophy of the particular managers and their acumen in reading trends and choosing trades and markets. Though self-directed investors can find this hard to accept, it is sometimes necessary to delegate discretion if you want to participate in markets that are hard to access. The good news is, with an ETF you're not locked in. It's easy to monitor performance. And you can get out in a hurry if you don't like what's happening!
Unique topic - thank you for introducing to us. I am interested in finding out more. I think it would help if Andrew gave some examples of what futures they trade. He assumed we are familiar with the futures market - I have a vague idea.
Hmm my layman's understanding of this investment class was biased towards a literal interpretation of the word "hedge", meaning allocation of multiple (potentially conflicting) positions to scatter risk, prevent asset concentration and generally pursue a blended but nimble strategy for generating returns, and the strategies could use non-mainstream tactics (shorting, derivatives) and shift around very rapidly to capitalize on fast-developing data trends. From your guests description, sounds like it was always more about the investment 'talent'/mind share than the strategies.
He talks about how we are better off with smart people managing our money for us and collecting only 0.85% in fees, but if I look at the DBMF ticker it has greatly trailed the S&P 500. He is truthful when he said that he beat the S&P 500 in 2022, but that was after a very steep decline in the end of 2021. I am sticking with VOO with 0.03% in fees.
You have completely missed the point of managed futures. It's an uncorrelated asset that lowers volatility and increases overall returns over the cycle
@@johns4412 I totally understand the concept it is just that in addition to the EFT management fees there are huge fees to buying and selling futures contracts which is why the vast majority of hedge funds can't match VOO in the long term. Yes, if you have perfect timing and bounce in and out you can beat the market, but impossible to do in the long run.
I enjoyed it. Thanks Adam. I would never invest in a fund like this, but appreciate the opportunity to learn about new investment opportunities. On a side note, I am curious how volatile the stocks are that they are buying future options are. If it is truly based on a mathematic algorithm, it makes you wonder if they are simply buying calls and puts on meme stocks. Future options are all about risk/reward, and so maybe they are buying options on gold, but my hunch is they are much more riskier than they let on. However, it is impossible to know unless they disclose it…
Coincidence, as I was just looking at his ETF recently while trying to diversify my long term port. It has great performance, I hope it can continue so when equities go down.
I really liked the show Adam, I was really interested and eager to learn more. Looking at the returns, however, I was truly disappointed. If even I can do better than this expert, with very little experience with what I find to be a very conservative portfolio.. If his etf would have had consistent single digit gains without big drawdowns, I would have said, cool thus guy has found something. however, the very correlated dips render a lot of his explanation difficult to believe. Nice to hear a alternative voice though!
You don’t hear a lot about managed futures because there isn’t much to say. They are systematic trend following funds. There is no story to tell. This is why you don’t see many managers get interviewed, they have nothing to say. They all have their secret sauce, but at the end of the day, if an asset class is trending up, they buy, if it is trending down they sell short. It really is that simple, but it is systematic, very little or no discretion. So they are boring interviews. Q: “Why did you buy gold?” A: “because it was going up”
Less than 100 investors, with restrictions on withdrawals. Funds of fund, equity fund, activist fund, commodities fund, real estate fun, fixed income fund, long short fun, event driven fund… (Many other types funds types) Hefty fee structures. Less regulations… More for sophisticated investor.
Hmmm... this appears to be the creation of a less mindless giant robot to exploit the inadequacies of the OG giant robot. If, as AB says, hedge funds invested in innovative ideas, then this iteration of a hedge fund is innovative in as much as it is meta-play on the settings of the OG giant robot BUT it still relies on someone, somewhere creating actual new value in which that OG giant robot mindlessly invests. Which is what the OG hedge funds did. They invested in actual new ideas. The next step then is for someone to start meta-meta hedgefund that anticipates AB's hedgefund and preemptivelu buys up what his hedgefund is about to buy and so on... the basic problem here is that wealth, real wealth, is a safer, healthier, more fulfilling life. This is why we invest in educating our children. AB's fund is, in the true sense of the word: derivative. It is not innovative beyond that derivative step. It will probably be wildly successful.
Better keep cash as DBMD has yielded less than 4% annually and is supposed to not be correlated with the market…or gold miner that yield far higher AND have a negative correlation with market.
Futures managed and not managed are very interesting and I have jumped into them and out with mixed results. I play on thematic futures investing mainly because it can be lucrative and fun on small scales as Andrew eluded to. An example is oil futures fund USO that once the strategic oil reserves were drawn down and coming into summer became attractive to me. Thank you for an other excellent interview and introducing me to a new fund to research!
Yahoo shows DBMF holds 20% stocks and -153% bonds. Holdings are like the S&P but description says managed futures. I suppose Yahoo has the data on holdings WRONG?
Their website has a "as of" 3/31 fact sheet on the product, which lists net exposures as follows Foreign developed stocks: +71.5% Commodities +36.2% US Equities +19.4% Emg market equities -3.3% Fxd income -120.5% Currencies -140.5%
Was that a joke? If so, it's a good one! If a legit question then my answer would be that replication strategies of Managed Futures funds aren't worried about monetary policy. They track a basket of funds which themselves are largely trend following across wide range of markets and thus are agnostic regarding rates.
I agree the presenter should be more practiced in vocalizing/advocating for his product. Managed futures place bets on stocks, bonds, interest rates, currencies and commodities. They use the futures markets to make those bets. Their bets can be long or short any particular asset. So they may be making dozens of long or short bets on different markets at any time. As long and short positions are combine, their volatility tends to be tamped down somewhat. The expectation/hope is, that more of the bets they place go up, rather than down. Generally speaking, they tend to perform inversely to the S&P. AHLPX and PQTAX are 2 examples of OEFs in the space.
No, it does not have much in common with larger hedge funds. It basically goes nowhere over the long run and is a dead investment if you try to hold it. Its nothing like a hedge fund
I do. That site is responsible for more than tripling my compensation as I was recruited for positions with more pay and responsibility. Your contacts and network plays a big part in that. If you have a great profile set up, recruiters connect with you on some pretty interesting opportunities. I have a lot of contacts- I help them, they help me. I have also used LinkedIn in the past to hire some great team members. It is not the sole source of info on solid candidates, but it is a good starting point.
@@chrism5859 I tried to make a LinkedIn account. They blocked my account even though I violated no TOS and made me go through an annoying and intrusive verification process. They then still refused to unblock my account because "Your profile photo doesn't look like you, which violates our TOS" -- even though it WAS a photo of me, and just looked like me. So, no account for me even though I did nothing against their TOS and jumped through their stupid hoops. And that's the shortened version that's cutting out a lot of other aggravations that they threw at me along the way. It was, by a wide margin, the most miserable and insulting sign-up experience I've ever had. What a garbage company that clearly doesn't give a crap about its users (I have much stronger words for it than that but am keeping it family-friendly).
This is the first interview from Adam in which the presenter sounded like a used car salesman. The minute he said he went to Harvard you could tell it was a salespitch. Bottom line: keep your money close to your control and use common sense. The day the USA goes back again to producing good cars and airplanes no one will need to resort to these unreliable alternatives.
Adam, I like you, but your stuff is too looooooooooooooooong !!! Who's got an hour or 2 a day to watch this ?! Put out 4 or 5 minute videos that get right to the point. And say it in words everyone can understand.
![NONT TANONT - คลั่งเธอ (Dopamine) [Official MV]](http://i.ytimg.com/vi/imr2dwueUxs/mqdefault.jpg)
SUBSCRIBE TO OUR FREE NEWSLETTER at adamtaggart.substack.com (or upgrade to premium to receive our "Adam's Notes" summaries to this interview & all others on this channel, plus the new MacroPass service)
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
Finding financial advisors like Jane Nina Pickett who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Jane Nina Pickett turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Adam, this is one of the many reasons I subscribe to your channel and your Substack. No one else is discussing this stuff. You have a way of bringing technical matters down to the common manner woman and allow us to do additional research ourselves to see if these kinds of alternative investments makes sense for us or not. Thank you so much.
You're more than welcome -- thank you for the kind feedback
I watched this entire interview, and I still have no idea what a "Managed Futures" fund actually invests in to make a return. Saying they trade futures is not an answer.
They take advantage of market opportunities.
Buy low, sell high or sell high, buy low.
And they trade futures
They think their quant brains and PhDs give them an edge to beat the market, so they will make leveraged plays on anything that trades on futures markets, probably with a sprinkle of male astrology (TA) in there.
I thought ETFs were meant to be passive and transparent...
this fund did well in 2022 at +12% but severely underperformed 2023 at -11% vs s&P +26%. Why was 2023 such a bad year for DBMF?
Did you hear the part about it being uncorrelated?
@@JacobSamuelsMemphisyes I am trying to drive a point here and ask why anyone would use the fund if it can't beat s&p during the 2 year period 2022 and 2023. Most trading strategies/actively managed should be able to do this imo if they are worth putting your money into.
@@nastynate4481 the point of non-correlated investments is to have something in your portfolio that ziggs when everything else like the S&P zaggs. So conceptually if you add managed futures to your portfolio you should improve the risk adjusted returns over a full cycle. Most everything you own will correlate during a market crash, managed futures funds, if executed well will go up in that environment.
Actually the fund was up ~33% in the first half of 2022 and gave back all the gains in the second half.
I would love to hear Lances thoughts on this when you get a chance. I know he is going on vacation but one thing he has always said that has helped me a lot as far as what to pay attention to as far as news and products is what are the people you are listening to trying to sell. What do they gain from what they are saying? Obviously Andrew as incentive to try to get people to invest into his ETF as he gets increased gains than. This does not mean that it is not a good investment or that he is not trying to help the little guy but it is important to understand this side of it as well.
Just wait 5 days…
Managed futures are also known as trend following strategies. Simplify Asset Management have a EFT called CTA and their website have a good explainer video. Personally I like the idea of putting 5% into this sort of strategy and if stocks and bonds go down, you have something that might go up.
TERRIBLE DISCUSSION - I'M AN 82YO CFA / TECHNICIAN IN MARKETS SINCE 1962, COULD NOT UNDERSTAND HIS THESIS.
maybe you're too old to understand such a straightforward thesis!
DBMF correlation with SPY for time period 06/01/2019 - 06/30/2024 based on monthly returns is -0.26 and -0.59 with AGG. That's all you need to know
what does agg mean?
Hedge fund access for the little guy: run Forrest run.
This was completely uninformative. What is their strategy for investment? What futures products do they trade? Are they long/short? Do they sell premium? WTF do they even do?!?!? lol
Great job Adam. Super interesting guest and an important addition to the conversation about how to build a diversified portfolio to weather life's inevitable uncertainties. I'd also be interested to see an interview with another firm in this space -- Simplify ETF's. They have a similar product. Compare and contrast.
Thanks guys, great discussion
this would be great for diversification in portfolio's its amazing hes doing this
Thank you for the great interviews you share with us. I would love to hear you interview David Rogers Webb, author of "The Great Taking".
Hey Adam, when are you going to have David Hunter on again? He's the only one who called this melt up over a year ago.
Great job on all of your episodes. I am an economist-plumber and appreciate of your very useful info.
Thanks Adam
Listened to the whole thing and Adam never mentioned the pig in the python.Must really be a different product!
You should present structured notes on one of your programs. You can buy an S & P 500 structured note and beat most investments. Leveraged upside.downside protection.
I directly tried to buy DBMF - iMGP DBi
But in Holland a stock needs a Dutch translated KID or else you can’t buy it.
Please make one❕
Great discussion, I would have loved more of the holdings of his product and how it works specificially.
Agree the interview with Andrew Beer left much to be desired! The problem is, you can't pin down "managed futures" as a substantive trade. All it really means is, "using futures to pursue opportunistic long/short positions in debt, equities, currencies and commodities". In other words, it can be used to pursue any number of potentially contradictory trades. So, the key word is "managed". You need to do your own research to get a sense of the investment philosophy of the particular managers and their acumen in reading trends and choosing trades and markets. Though self-directed investors can find this hard to accept, it is sometimes necessary to delegate discretion if you want to participate in markets that are hard to access. The good news is, with an ETF you're not locked in. It's easy to monitor performance. And you can get out in a hurry if you don't like what's happening!
Unique topic - thank you for introducing to us. I am interested in finding out more. I think it would help if Andrew gave some examples of what futures they trade. He assumed we are familiar with the futures market - I have a vague idea.
Thank you for all this wisdom
Thank you Adam
I enjoyed this Interview
Hmm my layman's understanding of this investment class was biased towards a literal interpretation of the word "hedge", meaning allocation of multiple (potentially conflicting) positions to scatter risk, prevent asset concentration and generally pursue a blended but nimble strategy for generating returns, and the strategies could use non-mainstream tactics (shorting, derivatives) and shift around very rapidly to capitalize on fast-developing data trends. From your guests description, sounds like it was always more about the investment 'talent'/mind share than the strategies.
Thank you very much...
He talks about how we are better off with smart people managing our money for us and collecting only 0.85% in fees, but if I look at the DBMF ticker it has greatly trailed the S&P 500.
He is truthful when he said that he beat the S&P 500 in 2022, but that was after a very steep decline in the end of 2021. I am sticking with VOO with 0.03% in fees.
You have completely missed the point of managed futures. It's an uncorrelated asset that lowers volatility and increases overall returns over the cycle
@@johns4412 I totally understand the concept it is just that in addition to the EFT management fees there are huge fees to buying and selling futures contracts which is why the vast majority of hedge funds can't match VOO in the long term. Yes, if you have perfect timing and bounce in and out you can beat the market, but impossible to do in the long run.
@@johns4412 agreed. If one just wants to purse maximum return and is oblivious to volatility, just buy QQQ. (not a recommendation.)
Great video. Thanks.
Thank you, always wondered about the weird world of hedge funds.
I enjoyed it. Thanks Adam. I would never invest in a fund like this, but appreciate the opportunity to learn about new investment opportunities.
On a side note, I am curious how volatile the stocks are that they are buying future options are. If it is truly based on a mathematic algorithm, it makes you wonder if they are simply buying calls and puts on meme stocks. Future options are all about risk/reward, and so maybe they are buying options on gold, but my hunch is they are much more riskier than they let on. However, it is impossible to know unless they disclose it…
Would love to hear more about managed futures.
Very interesting. Not something I'd thought that much about.
Coincidence, as I was just looking at his ETF recently while trying to diversify my long term port. It has great performance, I hope it can continue so when equities go down.
I really liked the show Adam,
I was really interested and eager to learn more.
Looking at the returns, however, I was truly disappointed. If even I can do better than this expert, with very little experience with what I find to be a very conservative portfolio..
If his etf would have had consistent single digit gains without big drawdowns, I would have said, cool thus guy has found something. however, the very correlated dips render a lot of his explanation difficult to believe.
Nice to hear a alternative voice though!
You don’t hear a lot about managed futures because there isn’t much to say. They are systematic trend following funds. There is no story to tell. This is why you don’t see many managers get interviewed, they have nothing to say. They all have their secret sauce, but at the end of the day, if an asset class is trending up, they buy, if it is trending down they sell short. It really is that simple, but it is systematic, very little or no discretion. So they are boring interviews. Q: “Why did you buy gold?” A: “because it was going up”
One of the best interviewees, thank you Adam!
Gold, Adam, this guy is gold!
Less than 100 investors, with restrictions on withdrawals.
Funds of fund, equity fund, activist fund, commodities fund, real estate fun, fixed income fund, long short fun, event driven fund…
(Many other types funds types)
Hefty fee structures.
Less regulations…
More for sophisticated investor.
Hmmm... this appears to be the creation of a less mindless giant robot to exploit the inadequacies of the OG giant robot. If, as AB says, hedge funds invested in innovative ideas, then this iteration of a hedge fund is innovative in as much as it is meta-play on the settings of the OG giant robot BUT it still relies on someone, somewhere creating actual new value in which that OG giant robot mindlessly invests. Which is what the OG hedge funds did. They invested in actual new ideas.
The next step then is for someone to start meta-meta hedgefund that anticipates AB's hedgefund and preemptivelu buys up what his hedgefund is about to buy and so on... the basic problem here is that wealth, real wealth, is a safer, healthier, more fulfilling life. This is why we invest in educating our children. AB's fund is, in the true sense of the word: derivative. It is not innovative beyond that derivative step. It will probably be wildly successful.
Better keep cash as DBMD has yielded less than 4% annually and is supposed to not be correlated with the market…or gold miner that yield far higher AND have a negative correlation with market.
A "google" search? Google tracks your searches and sells your information and this is very old news..
Please have him back. Very interesting asset class
Futures managed and not managed are very interesting and I have jumped into them and out with mixed results. I play on thematic futures investing mainly because it can be lucrative and fun on small scales as Andrew eluded to. An example is oil futures fund USO that once the strategic oil reserves were drawn down and coming into summer became attractive to me. Thank you for an other excellent interview and introducing me to a new fund to research!
Yahoo shows DBMF holds 20% stocks and -153% bonds. Holdings are like the S&P but description says managed futures. I suppose Yahoo has the data on holdings WRONG?
Their website has a "as of" 3/31 fact sheet on the product, which lists net exposures as follows
Foreign developed stocks: +71.5%
Commodities +36.2%
US Equities +19.4%
Emg market equities -3.3%
Fxd income -120.5%
Currencies -140.5%
Economic investigator Melbourne Australia is still following this very informative content cheers Frank
No mention of the lag effect?
Was that a joke? If so, it's a good one! If a legit question then my answer would be that replication strategies of Managed Futures funds aren't worried about monetary policy. They track a basket of funds which themselves are largely trend following across wide range of markets and thus are agnostic regarding rates.
it sounds interesting but i'm no closer to understanding exactly what managed futures are!😂
I agree the presenter should be more practiced in vocalizing/advocating for his product.
Managed futures place bets on stocks, bonds, interest rates, currencies and commodities. They use the futures markets to make those bets. Their bets can be long or short any particular asset. So they may be making dozens of long or short bets on different markets at any time. As long and short positions are combine, their volatility tends to be tamped down somewhat. The expectation/hope is, that more of the bets they place go up, rather than down.
Generally speaking, they tend to perform inversely to the S&P. AHLPX and PQTAX are 2 examples of OEFs in the space.
What i got was trust me, bro, I'm different.
Am I wrong or is Andrew taking a page out of Jack Bogel’s playbook and applying it to hedge funds ?
No, it does not have much in common with larger hedge funds. It basically goes nowhere over the long run and is a dead investment if you try to hold it. Its nothing like a hedge fund
Buy DBMF when it hits 29 ! 😊😊😊😊
Or 27
I looked but couldn't find anyone channeling Larry Smith
'Hold my Beer"
Great guest.... but that glare off his cranium is killing me, maybe a softer back ground like adams would help
25:46 The difference between being 14 or 84.
Good to see a different poverty. Shiny head.
I can't take anyone who uses LinkedIn seriously. I wish he had mentioned that in the beginning so I could have skipped this one altogether.
I do. That site is responsible for more than tripling my compensation as I was recruited for positions with more pay and responsibility. Your contacts and network plays a big part in that. If you have a great profile set up, recruiters connect with you on some pretty interesting opportunities. I have a lot of contacts- I help them, they help me. I have also used LinkedIn in the past to hire some great team members. It is not the sole source of info on solid candidates, but it is a good starting point.
@@chrism5859 I tried to make a LinkedIn account. They blocked my account even though I violated no TOS and made me go through an annoying and intrusive verification process. They then still refused to unblock my account because "Your profile photo doesn't look like you, which violates our TOS" -- even though it WAS a photo of me, and just looked like me. So, no account for me even though I did nothing against their TOS and jumped through their stupid hoops. And that's the shortened version that's cutting out a lot of other aggravations that they threw at me along the way. It was, by a wide margin, the most miserable and insulting sign-up experience I've ever had. What a garbage company that clearly doesn't give a crap about its users (I have much stronger words for it than that but am keeping it family-friendly).
As SPY was to US equities, DBMF is to managed futures - absolute game-changer
I held some managed futures for 20 years. They Blow
Meaning they are bad or good??
@@EunMin-yt1xx bad
This is the first interview from Adam in which the presenter sounded like a used car salesman. The minute he said he went to Harvard you could tell it was a salespitch.
Bottom line: keep your money close to your control and use common sense.
The day the USA goes back again to producing good cars and airplanes no one will need to resort to these unreliable alternatives.
Venture capital, hedge funds, private capital, SPACs -- this guy is all talking about the same thing -- com on Adam
Adam, I like you, but your stuff is too looooooooooooooooong !!! Who's got an hour or 2 a day to watch this ?! Put out 4 or 5 minute videos that get right to the point. And say it in words everyone can understand.
1st, 7 July 2024
What’s the point of this?
@@chrism5859 I think to show he was first in something.
60 / 40 always works pretty great... and it beats almost headge funds over the long run....
Any kindergartener holding a basic S&P 500 ETF has beaten Adam Taggart's bond heavy portfolio by 80% over the past two years. Clown show 🤡