Former Green Beret & Airborne Ranger now CEO of Rising Wealth Club & CFO/COO of GrowthLine Capital

After 22 years in the alternative asset management industry, I founded Jedburgh Advisors as a hedge fund that is focused on providing attractive risk-adjusted returns. We are a Service-Disabled Veteran-Owned Small Business with a goal to have at least 50% of the employees as U.S. Military veterans. We currently have three funds on our platform: Fund 1 (algo & AI driven fund), Fund 2 (volatility relative value) and Fund 3 (disruptive innovation). We are always looking for new Portfolio Managers to join us.  If you are a talented PM or analyst and want to launch a fund on our platform, please contact us. We are operationally efficient, so small launches are welcome.

David Walker

Former Green Beret & Airborne Ranger. CIO, COO, CFO, investor, and author.

Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 250,000+ followers

View Charles-Henry Monchau, CFA, CMT, CAIA’s profile

"You simply flooded the system with money." 

Powell: "Yes we did" 

"Where does it come from, do you just print it?" 

Powell: "We print it digitally"

Source: Hedgeye

undefined undefined

New Firm

Former Green Beret & Airborne Ranger. Professional CFO/COO.

I joined Core Bridge Partners and as the former CFO/COO of multiple multi billion-dollar hedge funds as well as two start-ups. I leverage my 20+ years of experience in alternative asset management and my MBA from the Kellogg School of Management to help small and medium sized hedge funds, PE/VC and Family Offices with their operational needs and help grow their companies. I have a proven track record of leading, managing and helping to scale multiple funds.  

My background as a former US Army Special Forces commander ("Green Beret") has equipped me with exceptional leadership, decision-making and problem-solving skills, as well as a strong sense of integrity, loyalty and service. I enjoy working with talented and diverse teams and CIOs , building long-lasting relationships and creating value for my clients and partners.

Organized two (2010, 2011) Wall Street Charity Poker Tournaments for the Wall Street Warfighters.

Senior Vice President at Research Affiliates

In 1717, Sir Isaac Newton was tasked with setting the exchange rate of gold to silver. 

At the time, he was the Master of the Royal Mint of Great Britain. He decided to fix the exchange rate to the ratio of the world’s total physical supply of both metals.

His ratio? 15.5 to 1.

For every 1 ounce of gold, the world had roughly 15.5 ounces of silver. This exchange rate made it so that the value of all the gold in the world was equal to the value of all the silver. 

This was roughly the exchange rate for most of human history, as can be seen in the graphic below.

Today, that balance is broken. With gold at $4,750 and silver at $94, one ounce of gold is worth 50 ounces of silver. If the exchange rate was to revert to Newton’s exchange rate, an ounce of silver would be worth $306.

However, industry has been using up the world’s supply of silver. Silver is the best conductor of electricity, so it is used in countless electronic components.

Companiesmarketcap dot com implies that the ratio of above ground supply now sits at 8 to 1 (see graphic below), approximately half of what it was in Sir Issac Newton’s time. 

Furthermore, Keith Neumeyer, the CEO of First Majestic Silver, confirms that silver is mined at a ratio of 8:1 to gold today. In other words, this ratio of available gold/silver is unlikely to change anytime soon. 

If the gold to silver exchange rate was 8:1, silver would be $594 per ounce. This assumes no change in the price of gold.

We are currently living through the early stages of the third electrical revolution, and silver is a vital component. There have been times in world history where all the silver was worth more than all the gold. One could make an argument that silver is more useful than gold today. That would support a gold to silver exchange rate even less than 8:1. 

Current silver price: $94.60.

Exactly...US Debt, etc. are driving gold, but never let a headline go without adding some spin.  lol.

Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 260,000+ followers

I disagree with this headline from CNN.
Gold is not rising because of Trump. It is rising because the US has $39 trillion in debt, $2 trillion in annual deficits, 25% of tax revenue goes to interest payments and Congress refuses to stop. They thus need to go through monetary debasement. This is not a bug. It is a feature of the system. And store of values are one of the way to protect purchasing power. 

By the way, Europe and Japan have similar debt and spending problems. Gold is at record highs against every currency, not just the dollar.

Source: Wall Street Mav

Bitcoin dropped $2,500 in the last 5 hours and liquidated $400 million worth of longs.

More than $100 BILLION has been wiped out from the crypto market today.

This is a low-liquidity Sunday evening dump. The real price action will come once the US market opens on Monday.

Source. Bull Theory

Excellent chart.  I wouldn't put too much thought into the last two columns on the right.  Charlie Munger, "Volatility is not a risk we care about.  What we care about is avoiding the permanent loss of capital."  Warren Buffett, “Charlie and I would much rather earn a lumpy 15% over time than a smooth 12%.”

View Till Christian Budelmann’s profile

From 100% cash to 100% stocks…

Total returns, volatility and maximum drawdowns based upon US data going back to 1928...

Bergos AG  

Bankhaus C. L. Seeliger KG  

#investing
#markets
#stockmarket
#bonds

Source: Creative Planning (links in the comments section), NYU

Break down systems to thoroughly understand them. Disregard the rhetoric and instead do your own research. What is true? Ignore opinions, most experts, norms, the news, etc. Focus on what is true via the laws of physics, math, nature, and history. Hint: determine the power in the system - who has it, how is it being applied, does it shift and if so, how? Etc. That will lead you to truly understanding almost all systems.

Michael Hartnett, BofA | The 4Ps Behind "Long Detroit, Short Davos"

- 3 months following seven nominations for Fed Chair since 1970 (Burns, Miller, Volcker, Greenspan, Bernanke, Yellen, Powell), yields up every time (2-year +65bps, 10-year +49bps)...but with the MOVE index of Treasury vol at 4-year lows, indicates that market is confident in 2026 new Fed Chair won’t send 30-year Treasury yield above “risk-off” 5% level as QE/YCC measures coming to “fix” price of fixed income
- the bond price of the 30-year Treasury is down 50% and JGB down 45% peak-to-trough in 2020s. This great bond bear (on new world order, debasement, populism, fiscal excess…) was the catalyst for the great first half of 2020s "Anything But Bonds (ABB)" bull in US tech, EU/Japan banks & gold; Emerging Markets and small cap will be the new ABB bulls in the second half of the 2020s.
- the ongoing Japan debasement and weak Asian FX, is spurring big capital outflows into US & EU assets (e.g. Korean retail $100bn into US stocks); AUDJPY>110 = multi-year breakout to 35-year high = risk-stays-on; but a failure (on BoJ, intervention) = peak of “weak Asia FX-big outflow” virtuous cycle.

Near-tern market indicators: the 3Ps. Q1 zeitgeist is  “rotate don't retreat”:
- That's because big tops coincide with max bullish Positioning
- Everyone expecting Profit boom
- But also Policy tightening
2026 isn’t 2018 or 2022, as policy is easing bigly via Fed cuts, tax cuts, tariff cuts, plus $0.6tn Fed/Trump QE)… It's also why no one is retreating until 30-year Treasury yield above 5.1% (panic level of Oct’23 & May’25) signaling tighter money.

But while the selloff in US bonds is still contained, Japan - where ABB has never been more potent- can't say the same, and the surge in long-term yields in Japan to the highest since 1999 (30-year hit 3.9%) means peak-to-trough the price of 30-year JGB down 45% thus far in 2020s. While the first half of the 2020s saw a bond bear market which sparked an ABB bull in gold, EU/JP banks, US tech/Mag 7; H2 2020s will see small/mid cap stocks and Emerging Markets new beneficiaries of ABB… same as in 1970s when wage & price controls, pro-cyclical fiscal/monetary policies, US$ debasement (end of Bretton Woods) caused peak of Nifty 50 bull market in 1972 and gold (1971-74) replaced by small cap (1975-77) as best asset to own. Hartnett's favorite beneficiaries of ABB in 2026 are GLD, GNR, EEM, MDY, IJR.

#thebigpicture #macro #monetarypolicy #fiscalpolicy #interestrates #equities #bonds #fx #us #china #eu #em

And the best part of this video is it's 100% AI...even the gentleman speaking.

Independent Macro Strategist | Financial Markets Commentator | • Historical • Macro Trends • Metals • Energy • Equities • Bonds • Real Estate • Crypto • Systemic Risk | Author of “Beyond The Headlines”

🚨 $375 SILVER & THE 38% RECESSION SIGNAL 🚨

😅 Golly! I’ve certainly aged quite a bit in the last few days!

🎥 It seems that since my appearance on The Daniela Cambone Show, Jon AG has picked up on my recessionary gold signal and my long-term price targets for both gold and silver on his YouTube channel. Hilarious!

🔗 Link below!👇
https://lnkd.in/d4UU4UMG

⏱️ My segment runs from 9:12 to 15:38

And…two more:  Debasement of fiat currencies. Preparation for future conflicts.

Finance, Economics Expert

Silver just touched $100 an ounce, and gold continues its march toward $5,000 (please see charts below).
As we’ve previously discussed, key drivers fueling this momentum include:
• Strategic Diversification: Central banks and official institutions are steadily pivoting away from traditional safe havens, albeit still at the margin. While these players are inherently slower-moving, their shift provides relatively solid price support.
• Institutional Adoption: We are seeing more buy-in from institutional investors, many of whom are now integrating metals directly into model portfolios.
• The "Resident vs. Tourist" Dynamic: These “long-term resident investors" are, as you would expect, joined by "shorter-term tourists"—volatile speculative buyers looking to ride a wave which has been enormously rewarding.
#markets #gold #silver #investing #investors

Unfortunately, this has been going on since the dawn of time.  Go back in history and you will see even more wealth discrepancies.  Ancient Egyptian pharaohs and their inner circle, < 1% of the populace; their wealth > 99%.  Other empires throughout history...similar, .  But, I agree it could be better...what would it take?  How do you reward risk takers and still keep it less lopsided?

Yesterday our friend Tom Keene asked a simple, yet poignant question: "What went wrong with capitalism?"

A PCA-style answer that ranked the responses by their respective eigenvalues would likely render:

1. The ability of wealthy elites like Elon Musk and Peter Thiel to purchase incomprehensibly more political influence than their single vote allows.

2. The unfair treatment of capital income relative to labor income in the morally corrupt federal tax code that is derived from the political influence purchased by wealthy elites in feature #1. 

3. The combination of socialism via bailouts for wealthy individuals and politically connected institutions vs. capitalism via creative destruction for everyone and everything else that is also derived from the political influence purchased by wealthy elites in feature #1. 

The key takeaway is that capitalism + plutocracy is not capitalism; it's moral, social, and economic corruption. 

The economic game is so rigged that the people who rig it in their favor don't even try to hide it anymore; they have front-row seats to presidential inaugurations.

As a former member of the bottom 0.001% of our broken capitalist society, I pray that this Fourth Turning is the catalyst to unrig it for the many millions of struggling families. 

I love you. God loves you too.
—Skipper 💜

Great chart...I think it does include dividends.  So good to see those drawdowns and not get too concerned about them.

View company: Oakhill Asset Management UK

So difficult to get accurate inflation data...each source seems to have their own math..

The government is going to run the US economy as hot as possible. 

Last year, they realized it would be nearly impossible to balance the budget, so the next best option is to grow the country out of the problem.

Thankfully, the rise of artificial intelligence has helped spur an acceleration in GDP growth, with the Atlanta Fed estimating Q4 GDP could be as high as 5.4%.

That is a very big number.

But this GDP growth is not exclusively coming from AI. Adam Kobeissi points out that “US M2 money supply jumped +$1.65 trillion in 2025, to a record $26.7 trillion.”

Adam goes on to highlight that “this marks the largest annual increase since 2021 and the 3rd consecutive annual gain. Since mid-2023, M2 has risen +$3.7 trillion, driven by rapidly rising bank deposits and money market fund inflows. This means money supply has grown +$116 billion per month over this period. By comparison, from January 2022 to April 2023, M2 contracted -$450 billion, or -$28 billion a month.”

So GDP is growing and the administration is telling us they are going to run the economy hot, which means you would expect inflation to be surging higher.

 But that is not what is happening.

Keep reading 👇

___________________

P.S. Follow me (Anthony Pompliano) for more insights on finance, business, & technology!

To investors, The government is going to run the US economy as hot as possible. Last year they realized it would be nearly impossible to balance the b

Open article: 
Deflation Is A Much Bigger Risk Than Inflation Right Now by Anthony Pompliano • 3 min read

Deflation Is A Much Bigger Risk Than Inflation Right Now

I should win an Emmy for the Q&A portion of this — at least a Grammy. 🏆

I hope this invaluable education blesses you on your journey to retire on time and comfortably.  
—Skipper 💜

FactSet

Responsible for quantitative research and product development

Senior Director for Quantitative Solutions | SVP

Charles Schwab

Overall responsibility for all aspects of the management of the products and led the Active Equity portfolio management and research team

Head of Active Equities | Managing Director

Fiduciary Research & Consulting LLC

Director of Quantitative Analytics & Research | Partner

Algert Global LLC

Responsible for managing the 6 member portfolio management team.

Head Portfolio Manager | Partner

Allianz Global Investors

Quantitative Research Associate

FactSet Research Systems

Designed customized attribution and quantitative analysis programs for assets managers.

Senior Consultant

Experienced investment professional with a verifiable track record in managing portfolios, conducting research, and leading product teams. Involved in launching and developing two start-ups, one restructuring, and one expansion. Demonstrated ability to build teams, including hiring and managing members. Experienced in making both tactical and strategic decisions, such as managing eight mutual funds and introducing end-to-end quantitative workflows for clients.

taplio

The Battle

David Walker

Jonas Svallin, CFA

Followers

Posts

Engagements

Likes

Performance ScoreDavid Walker's LinkedIn Performance

Ready to grow your LinkedIn presence?

taplio

The Battle

David Walker

Jonas Svallin, CFA

Followers

Posts

Engagements

Likes

Performance Score.css-goub6s{font-size:var(--chakra-fontSizes-md);font-weight:500;color:var(--chakra-colors-gray-600);display:block;margin-top:var(--chakra-space-1);}David Walker's LinkedIn Performance

Ready to grow your LinkedIn presence?

Performance ScoreDavid Walker's LinkedIn Performance