AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Episode 119: John Hempton - Cutting through the uncertainty
Inside the Rope with David Clark
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
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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