Livermore’s David Neuhauser: It’s a Tale of Two Cities

0
Livermore’s David Neuhauser: It’s a Tale of Two Cities
geralt / Pixabay

TD Ameritrade Network – Livermore’s David Neuhauser and his outlook for markets. “It’s a Tale of Two Cities”

Play Quizzes 4

Get The Full Seth Klarman Series in PDF

Get the entire 10-part series on Seth Klarman in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q3 2020 hedge fund letters, conferences and more

Livermore's Founder David Neuhauser: It's a Tale of Two Cities

To Partners and Friends:

Fund Manager Profile: Zhang Hui Of China’s Southern Asset Management

investHistorically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More

Markets and gold continue to hold their range and the world remains extremely fragile with a second wave of COVID presenting renewed stay at home orders and limited travel.

Tech has been the trade of the year although some of the "fluff" seems to be unwinding. Our focus today, deep value assets tied to short US Dollar exposure, centers on commodities such as gold, copper, and oil.

Of course, we implement this through specific investments in small cap companies which offer tremendous upside once catalysts occur.

2020 has been the most difficult year owning assets tied to energy. Although that should change with vaccine implementation and optimism that normalcy is not so far way. Today's positive news on Moderna's vaccine results coupled with Pfizer last week is refreshing. The key now will be timing to approval and distribution as well as efficacy under daily life movement (without wearing masks).

Here is a link to our interview last week with Oliver Renick of the TD Ameritrade Network. We continue to discuss inflation and owning gold assets. Given the path forward seems ripe for both to accelerate meaningfully higher.

Watch the video here.

What do you think about gold and the broader markets? tell us by sounding off in our comments section.

Updated on

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)www.valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
Previous article Quality Shareholders
Next article Election lawsuits could change election process

No posts to display