5min chapter

Inside the Rope with David Clark cover image

Episode 119: John Hempton - Cutting through the uncertainty

Inside the Rope with David Clark

CHAPTER

Oil and Gold Stocks Move in Opposite Directions a Lot

We're a long short fund, and we kicked off the first half of the quarter looking ridiculously well. And so even though wesit of a hundred and 30 long and 60 short, we were up above five%. And then things went to crap. It was all triggered by purtin's invasion of the ukrane, of krane. So it turns out that oil stocks usually do great when the economy does good, good. fraudulent oil stocks always out perform good oil stocks when the market goes up. When the market is going crazy, the frauds go up faster. The gold price also moves in opposite directions because way the world is shot both left wing frauds and right wing

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode