Dear partners,
The past week has been personally eye-opening. To see the intricacies and implications of geopolitics and economics demonstrated instead of simply being described on a page has been a journey.
Albeit an exhausting one.
Over the past week, the markets have whipsawed back and forth in response to tariffs and retaliatory ones between the US and China.
Monday saw the markets rise briefly after the start of the rout that started the week before, due to an error in a headline. Tuesday had the markets rise dramatically then sell off again, from approximately a gain of 2.5% to a loss of -1.48%.
Wednesday had China raising retaliatory tariff's to 84%. Stocks rallied massively, with the S&P500 jumping 9.5% as Trump paused tariffs for 90 days and increased US's tariffs on China to 125%.
Thursday had another plunge while Friday was positive, bringing the portfolio back into the green for the year.
Over the past week, Alderique focused on increasing positions already held within the portfolio. Most notable of these would be Berkshire Hathaway.
The rationale behind this increment was purely strategic. Notwithstanding that the conglomerate of what Warren Buffett, the "Oracle of Omaha", one of the world's best investors, would consider good businesses, there is also that massive cash pile of over 300 billion dollars. And with the markets headed down in such a dramatic fashion, I am of the opinion that Buffett has probably been busy. Or would soon be.
It doesn't hurt that for the year 2025, Berkshire Hathaway has performed phenomenally. Reflecting a gain of 16.18% YTD, it towers over the market's return of -8.61%, a massive 24.79% difference.
Moving forward, if markets do continue a general decline, Alderique plans to liquidate defensive investments in gold and silver ETFs. Depending on the severity of these declines, the principle amount would be either reinvested back into the ETFs, or deployed into newer purchases along with the profits.
In short, we put into practice theoretical and philosophical musings.
"To buy when others are despondently selling and to sell when others are greedily buying requires the greatest fortitude and pays the greatest reward."
"Be fear when others are greedy, and greedy when others are fearful."
"Take a simple idea, and take it seriously."
With you, through these troubling times.
Alderique.
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Mon Jun 16 2025 05:40:14 GMT+0000 (Coordinated Universal Time)
