In this week’s Trader Digest we find out why you'd be better off following Bill Gross' stamp collection than his bond funds, an unbelievable story from Canada's largest Crypto fund, and why betting against Donald Trump is likely to earn you money...
Reading List
Bill Gross’ best investment over the last 10 years had nothing to do with bonds
"Bill Gross once ruled the bond markets. But over the last decade of his career you’d likely have been better off investing in his famous stamp collection than in his bond funds." Marketwatch
Russia’s Economic Growth Looks Too Good to Be True
“TUnder a new top statistician, recent data have been much more optimistic. That doesn’t make them correct." Bloomberg Opinion
TraderLife Guide To: Investing in Wine
"A glass or two of wine is a very welcome reward for many traders after a hard day’s work. But, if you can resist drinking it, wine can also be a profitable investment."
Betting Against Trump Was a Winner for a Second Year
"An index of companies he attacked blew away those he favored." Bloomberg
Cryptocurrency investors locked out of $190m after exchange founder dies
"QuadrigaCX, Canada’s largest exchange, was unable to access password or recovery key after Gerald Cotten died last December" Guardian
Exclusive: Secret No-Deal Brexit Plan To Slash Tariffs On All Imports
"Federal Reserve Chairman Jerome Powell has some further explaining to do after the central bank’s monetary messages whipsawed financial markets over the last month."Huff Post
For the Headphones
How I Got My Start in Finance, Featuring Dwight Anderson
"Dwight Anderson’s renowned commodity investing career is unique. Dwight joins Dan Tapiero to discuss taking advantage of his experience to successfully break into commodities trading for big names like Tiger Management and Tudor Investment Corporation." Real Vision
What to Watch
A $265 billion investment chief says one of the most valuable economic indicators is signaling a recession in about 18 months
"Scott Minerd of Guggenheim Partners says the shape of the yield curve is one of the most valuable predictors of forward economic activity. He says the shape of the yield curve today indicates a recession in about one to one and a half years."Business Insider