State of the Markets #209 Charlie Morris of Bytetree - BOLD - Gold and Bitcoin Strategy
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Nov 24, 2024 Charlie Morris, a former officer in the Grenadier Guards turned finance guru, discusses his journey from military service to launching innovative investment strategies at Bytetree. He shares insights on the Bold Index, blending Bitcoin and gold, and how political shifts impact these markets. The conversation also tackles the challenges of electric vehicles, critiques evolving political landscapes, and speculates on future prospects for assets in the context of emerging technologies transforming the economy.
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Gold Bug Origins
- Charlie Morris has been a gold bug since 1999, inspired by a John Hathaway presentation.
- He made a record $300 million ETF gold trade at HSBC pre-financial crisis.
Momentum vs. Gold
- Momentum investing and gold investing are natural opposites, says Morris.
- He observed that gold's decline from 2011-2015 coincided with growth stock gains.
BOLD Strategy
- Combine gold and Bitcoin, as they move inversely.
- Weight them based on volatility (e.g., 3/4 gold, 1/4 Bitcoin) for balanced risk.
