Billionaire's Portfolio

March 5, 2020 As we've discussed over the past month, with the coronavirus, we have an unknown outcome from a human welfare perspective.…

March 4, 2020 Yesterday we talked about which industries might be the winners from globally coordinated government spending packages (and…

March 3, 2020 Coming into the morning, we expected a coordinated response from the G7 finance ministers and central banks. First…

March 2, 2020 Despite the increase in coronavirus cases in the U.S., stocks were up big today (as were global…

February 28, 2020 Stocks rallied sharply in the last 15 minutes of trading today. Why?  Given the carnage of the…

February 27, 2020 The bloodletting continues in global markets, with the continuation of zero visibility on containment of the coronavirus. At…

February 25, 2020 We talked yesterday about the message from the interest rate market.  The past two times we were…

February 24, 2020 On Friday we talked about the drivers of the move in gold.  Among the scenarios, we talked…

February 21, 2020 As we end the week, money is aggressively moving into gold, likely driven by Chinese demand (remember, they…

February 20, 2020 We've talked about the Chinese central bank effect on global markets.  Among the biggest winners since China…