Discover more from Reformed Millennials
Seachange In Investing, The best twitter thread ever, and the Recession that will never come.
For the regular listeners of the reformed millennials podcast, I’ve decided to take my podcast and add a weekly recap newsletter that talks about my life, investing and what I’ve been reading, watching and listening to.
I’ll be touching on everything from pop culture and sports to geo political issues and investing. I don’t intend on pushing ideals or politics on anyone here but rather, I believe that all good opportunity comes at the intersection of culture, technology and risk capital.
I’ve felt like my ability to spot new trends has waned since I stopped posting regularly on facebook. So im getting my creative juices going again in the hopes that I can find the next great investing trend or business opportunity.
Good morning from freezing Edmonton Alberta!
I have no good news to tell about the world. But I do have some fantastic recommendations for things to read.
Most people in markets are inundated with the All In Podcast. But before there was YouTube podcasters, there were memos. And one of the greatest memo writers of all time is Howard Marks.
His latest letter is GREAT. It is titled “seachange”. The Seachange brought upon us by higher interest rates.
This isn’t a song I’ve sung often over the course of my career. This is the first sea change I’ve remarked on and one of the few calls I’ve made for substantially increasing investment in credit. But the bottom line I keep going back to is that credit investors can access returns today that:
are highly competitive versus the historical returns on equities,
exceed many investors’ required returns or actuarial assumptions, and
are much less uncertain than equity returns.
Unless there are serious holes in my logic, I believe significant reallocation of capital toward credit is warranted.
Charts of interest:
Bitcoin is back… why? There are leaks that were getting a blackrock ETF. Will it happen? Price seems to think so.
Gold looks strong and is banging on ATH’s.
Nasdaq retesting support.
For the many Canadians and Albertans that read this blog and follow our podcast. This twitter thread is EPIC. A great dive into the legalities of CPP and a possible APP.
TV Recomendation: BIG Vape on Netflix was fantastic. So good that even my wife joined to watch with me… and that never happens.
If you have any ideas or topics you’d like me to talk about, please feel free to reach out!
Enjoy the weekend everybody.
Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. While Joel Shackleton is registered to provide investment advice in Saskatchewan, Alberta, British Columbia and Ontario as an Advising Representative this website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton and Cameron Pitchers specifically disclaim that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton, Cameron Pitchers and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of their Firm or any of its other registered individuals or employees in partnership with Joel and his guests. Joel Shackleton and Cameron Pitchers disclaims any obligation to update any of the information set out on this website or any blog or podcast going-forward.
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