9 Comments

Russell, I have followed your writings/interviews for many years and have always been impressed by your analysis but as a retail investor couldn't access your hedge fund business. Now that you have moved on from that (and all the headaches that running a HF brings) I was wondering if you had given any thought to maybe starting up an "active" ETF that would incorporate your analysis and strategies that a retail investor could get in on. Harley Bassman (credit guy) and Mike Green (all around investor type) have joined up with Simplify Asset Mgmt and created some new and innovative ETFs centered around their expertise. Simplify does all the backend work of setting up and maintaining the ETF and you could run the strategy and investment decisions (leaving all the drudge work to Simplify). I would love to be able to invest with you if you thought that might be something you would be interested in. Thanks for your consideration, Rick

Expand full comment

Hi Russell . We read ´´ The most important factor to bond yields is the power of labour over capital....The implication is that if governments begin to set and raise wages, then bond yields are at risk of rising.´´ I would like to ask if price controls imposed by governments is a tool that keeps low wages too which keeps inflation lower , so bond yields lower. I´m old enough to remember price controls in Europe and would like to learn about it.

Expand full comment

hey Russell, so if we think about the wacc, for Japan would it not be the case it is undoubtedly on the way up, given the massive reallocation to equities in recent years. and of course the demographics & labour impact. so it is kind of believable that the long term trajectory of Japanese yields is up?

Expand full comment