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

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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 💜

Wife & Mother of 7 | Venture Capital | Scientist | TOP 30 Patent Drafters | United States Patent Examiner | Violinist | Polyglot | STEM Children's Author | #1 LinkedIn Global Influencer in Innovation/IP Law

Kathryn Vatt is a scientist, former USPTO Examiner, and devoted wife and mother of seven, with over 25 years shaping the future of innovation. Recognized as one of the Top 30 Patent Drafters and Prosecutors and the #1 LinkedIn Global Influencer in Innovation/IP Law, Kathryn has built a career at the intersection of science, law, and business—helping inventors, startups, and global companies turn creativity into competitive advantage.

A graduate of the University of Pennsylvania (B.S. Biology) and Johns Hopkins University (M.S. Biotechnology), Kathryn is currently pursuing her Juris Doctor in Patent Law at the Franklin Pierce School of Law, one of the world’s leading IP programs. Her rare cross-disciplinary background gives her both the scientific insight and the legal strategy to protect ideas at the highest level.

At the USPTO, Kathryn examined thousands of patent applications, conducted exhaustive prior art searches, and made determinations that shaped industries and influenced global innovation. After leaving the Patent Office, she founded Vatt IP Management, where she develops bulletproof IP strategies, drafts airtight applications, and supports litigation teams in defending patents. She also mentors engineering and life science students through Arizona State University’s Edson Entrepreneurship + Innovation Institute and judges international startup competitions, nurturing the next generation of innovators.

Her entrepreneurial vision extends to her ventures:

My Startup Shield™, a founder-focused program that helps startups secure their innovations before they pitch. It protects ideas at the earliest, most vulnerable stage and positions founders to raise capital with confidence

My AI Examiner™, the world’s first proprietary patent search platform that combines examiner-trained AI Patent Examiners with Kathryn’s own human review. Unlike conventional tools, it doesn’t just search faster—it “thinks like an examiner,” offering inventors and startups clarity, precision, and strategy.

MyKidVentors™, a STEM-inspired children’s book series born from her seven children’s real “What if?” questions. Through these imaginative stories, she nurtures curiosity in the next generation, showing that every big invention begins with a single question.

For Kathryn, the same motherly instinct that guides her family fuels her professional mission: to protect, guide, and nurture startups with care, strategy, foresight, and integrity. She believes innovation doesn’t just start in labs or boardrooms—it starts in the curious minds of those brave enough to ask, “What if?”

Kathryn V.

FALL IN LOVE...

with the process.

If you’re building something right now,
here’s the shift that changes everything:
Fall in love with the process, not the results.

Results are unpredictable.
They’re delayed.
They show up on their own timeline.

The process is what you live in every day.
Consistency isn’t about intensity.
It’s about showing up when it’s boring.
When it’s quiet.
When no one is watching or applauding.

Founders don’t burn out because they’re doing too much.
They burn out when all their hope is tied to an outcome
instead of the work itself.

When you love the process,
progress stops feeling fragile.
Missing a day doesn’t feel like failure...
it feels like life.
And you simply come back the next day.

Consistency compounds.
Small steps add up.
And over time, the work begins to shape you
as much as you shape it.

So if today feels slow,
if momentum feels distant,
if the results aren’t there yet...
stay.

Keep building.
Keep learning.
Keep becoming.

Fall in love with the process.
The results will meet you there. 💛

Founder Friday 💫

Some founders build with brilliance.
Some build with courage.
And every once in a while, you meet someone who builds with both brilliance and heart.

Rachel Buchanan is one of those people.

Rachel has been working in blockchain since 2017...long before trust, verification, and integrity became buzzwords or regulatory requirements. 

She didn’t wait for permission. She didn’t chase what was fashionable. She stayed true to what she knew mattered.

That clarity is why she’s now building IntegraLayer, focused on certificate integrity, verification, and trust. Not because it’s trendy. But because it’s necessary.

But here’s what I want people to really know about Rachel.
She is not just thoughtful and brilliant...she is kind.
She is steady.
She leads with integrity in how she builds and how she shows up for others.

That’s why it meant so much that she entrusted the protection of her intellectual property to me. That kind of trust is never taken lightly. 

I’m truly honored and so happy to welcome her as part of the moatly Crew™ 😊 .

And this moment is also a reminder of how meaningful real connections are.
Thank you to my beautiful friend, Bettina Briz, for introducing us, and to founders Kevin Jurovich and Timo Gehrke of Hubble, for introducing Bettina to me in the first place. 

The ripple effect Hubble creates through authentic human connection is genuinely life-changing. One introduction can change the entire trajectory of a founder’s journey.

Rachel, I’m cheering you on!! Not just as a founder, but as a human.
The world needs more builders like you.

#founderfriday #womenfounders #kindnessinleadership #trustbydesign #moatlycrew™ #moatly™ #hubble #buildingwithheart

One of the things I respect most about thoughtful investors
is when they’re honest about what they’re really looking for.
David Y.’s post is spot on.

At the very earliest stages, investors aren’t betting on a polished product.
They’re not betting on traction, revenue, or perfect data.
They’re betting on the person.

Because at pre-seed, almost everything is unfinished.
The product will change.
The strategy will evolve.
The plan will break...more than once.

What doesn’t change as easily is the founder’s ability to keep going
when nothing is guaranteed.

And here’s the part I love most:
The kind of “swagger” that actually matters isn’t loud.
It isn’t hype.
It isn’t performative confidence.

It’s quieter than that.
It’s the steadiness of someone who is aligned with a purpose bigger than their pitch deck.

Someone who, “treats the company as a vehicle, not an identity.”
Someone who keeps building when no one is clapping yet.

As a former patent examiner and now someone who works closely with founders, I see this same pattern over and over again.

The founders who endure aren’t the ones chasing validation.
They’re the ones making progress in silence.
Learning.
Adapting.
Following up with substance.
Showing up again after the fifth setback.

So if you’re a founder feeling discouraged by a slow response, a long diligence cycle, or a quiet room...
this may not be rejection.
It may be observation.

And sometimes, the most important thing you can do
is exactly what you’re already doing:
keep going.

That kind of inevitability?
It can’t be faked.
And the right people notice.

I’m a VC who hates most VCs. I live to help people identify and scale their gifts.

A pre-seed truth most founders miss:
Investors aren’t betting on your product or idea.

Our firm spoke with 10,000+ founders over the last 3 years.
We invested in 25 of them.

That’s <0.2%.

We’re not unique.
That ratio is normal at the pre-seed stage.

At pre-seed:
- The product is usually incomplete
- Revenue is often $0
- Data is thin or non-existent

So what are investors actually evaluating?
The founder.

More specifically?
Swagger.

Not pitch polish.
Not hype.
Not “founder energy.”

Pre-seed swagger is quieter.

It’s the strength that shows up when a founder is aligned with something bigger than the company...and treats the company as a vehicle, not an identity. 

At pre-seed, investors aren’t really asking:
- “Is this the best idea?”

They’re asking:
- “Is this person inevitable?”

Inevitable doesn’t mean certain.
It means disciplined enough to survive uncertainty.

BUT swagger doesn’t replace execution.
It signals who will still be executing after the first five failures.

And that's why good pre-seed investors take their time.

The delay isn’t always disinterest.
It’s often a test.

At pre-seed, we’re watching:
- Do you keep building without validation?
- Do you follow up with substance, not pressure?
- Do you show progress when no one is watching?
- Do you adapt… or just re-pitch?

What founders experience as “foot-dragging” is often pre-seed diligence in motion.

Early investing isn’t about moving fast.
It’s about identifying who keeps moving when nothing is guaranteed.

That’s who gets funded at pre-seed.
And that’s where real swagger comes from. 

---

If this resonates, Founder Chapel is where we unpack this kind of founder formation.

Link in the comments.

SKATEBOARDING THE WEEKEND AWAY

I hope you’re finding a little time this weekend to do something you love…
something that makes you smile, laugh, or feel a bit more you.

This video made me smile. 
Pure joy. Zero fear. Just going for it. 

And today, I’m dedicating it to Bettina Briz,
who has officially started learning how to skateboard.
New wheels. New courage. New joy.
And the most stylish fits, thanks to her personal stylist and amazing husband, Peter Himes.

There’s something really beautiful about trying something new...
not to be perfect at it,
not to impress anyone,
but simply because it feels fun and alive.

May this weekend bring you that same energy:
a little play, a little courage,
and the freedom to roll forward just because it makes your heart happy.

Happy Saturday, friends. Enjoy every moment. 💛

31-27 🐻 

"Good, better, best!
Never let it rest!
Till your good gets better,
And your better gets best!"

Not as pressure.
Not as perfection.
But as a reminder.

This isn’t just a post-game locker room chant. 
It’s something all of us can carry…whether we’re riding a wave of success or sitting quietly in a lull.

Because becoming doesn’t stop when things are going well.
And it doesn’t end when momentum slows.

Good means you’re here.
Better means you’re willing to grow.
Best isn’t a finish line…it’s a direction.

Some seasons are loud with wins.
Others are quiet with reflection.
Both matter.

And in both, the invitation is the same:
keep becoming.

Not by rushing.
Not by burning yourself out.
But by staying open.
By learning.
By choosing to show up again, exactly as you are…still caring, still trying.

Wherever you are right now…
celebrating or recalibrating…
this motto holds true.

Good. Better. Best.
A reminder that growth is ongoing,
and that we are never done becoming. 💛

DON'T WALK THE DESERT ALONE

I am resharing my friend Kevin Jurovich’s post because what he is building is truly invaluable for founders.

What he shares about those early days, learning on the go and wondering whether the struggle meant failure or growth, is a season so many founders live through quietly. It takes courage to speak about that part of the journey with honesty.

What stands out most to me is how he turned that experience into something generous. Instead of keeping those lessons to himself, he is creating space for founders to hear the truth behind building a company. The uncertainty. The doubt. The moments where continuing feels hard.

Founders Uncovered feels like an offering to the people still in it. A reminder that difficulty does not mean you are doing it wrong. Often it means you are doing something that matters.

By sharing real stories from people who have built before us, Kevin is helping founders feel less alone and more capable of staying in the work. That kind of encouragement can change everything.

So proud of you, Kevin. This is going to help a lot of people. Cannot wait for Season 1.

👉 Join the list for Episode 1. https://lnkd.in/gi2NaDMf

Co-founder, CEO at Hubble | Lifelong optimist

Back in 2019, I used to walk around SoMa in San Francisco listening to founder podcasts, trying to figure out if what I was feeling was failure…or just the process.

How I Built This, Masters of Scale, then later Lenny’s Podcast and My First Million. That was my founder education.

I was obsessed with learning from people who came before me.

Because when you’re in the desert as a founder...trying everything, hitting dead end after dead end, it helps to hear that the people you admire went through the exact same thing.

Behind every “overnight success” are years of doubt, false starts, and almost quitting.

That’s why I’m excited to announce the launch of Founders Uncovered.

I’ve teamed up with Drew Glover and Nick Madrid, CFA at Uncovered Media to host a podcast focused on the real stories behind building companies...the good, the bad, and the uncomfortable parts we usually skip.

There are so many incredible founders out there quietly changing the world. Their stories deserve to be told.

Season 1 drops next month. Our hope is that you walk away feeling educated, inspired, and a little more optimistic that you can get it done too.

One conversation can change everything.

👉 Join the list for Episode 1. I’ll send it the moment it drops.
https://lnkd.in/gi2NaDMf

Can’t wait to see more founders win. 🚀

#startups #entrepreneurship

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