Noteworthy this week<\/span><\/h3>\n\n- The great math behind Trump\u2019s tariffs<\/li>\n
- The real reason behind the tariffs<\/li>\n
- Gold hits US$3,200<\/li>\n
- Russia and Australia have the largest gold reserves<\/li>\n
- Larry Fink shills Bitcoin<\/li>\n<\/ul>\n
The great math behind Trump\u2019s tariffs: <\/strong>For every country, they just took the US trade deficit with that country and divided it by the country\u2019s exports to the US, or applied a minimum 10% tariff.<\/p>\n\nJust figured out where these fake tariff rates come from. They didn\u2019t actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country\u2019s exports to us.<\/p>\n
So we\u2026 https:\/\/t.co\/PBjF8xmcuv<\/a><\/p>\n\u2014 James Surowiecki (@JamesSurowiecki) April 2, 2025<\/a><\/p>\n<\/blockquote>\nThe real reason behind the tariffs:<\/strong> As Bill Ackman says, the tariffs are a negotiation tactic. However, the response is uncertain, and therefore, it\u2019s a high-stakes game, which could lead to a trade war.<\/p>\n\nThe countries that make the first tariff deals with @realDonaldTrump<\/a> will make the better deals. The countries that wait or retaliate will regret that they were not part of the early deal group or worse.<\/p>\n\u2014 Bill Ackman (@BillAckman) April 3, 2025<\/a><\/p>\n<\/blockquote>\nGold hits US$3,200: <\/strong>With Trump\u2019s tariff galore, uncertainty spread throughout global financial markets, and gold hit US$3,200\/oz t for the first time in history.<\/p>\n\nJUST IN \ud83d\udea8: Gold hits $3,200 for the first time in history \ud83d\udcc8\ud83d\udcc8 pic.twitter.com\/tkRLfGn6js<\/a><\/p>\n\u2014 Barchart (@Barchart) April 2, 2025<\/a><\/p>\n<\/blockquote>\nRussia and Australia have the largest gold reserves:<\/strong> At 12,000 tons each, Russia and Australia have the largest gold reserves in the ground, followed by South Africa with 5,000 tons. Indonesia, Canada, China, and the US have around 3,000 tons of gold reserves.<\/p>\n\nGold Reserves in the ground, by country. pic.twitter.com\/W2yBw4tYxC<\/a><\/p>\n\u2014 In Gold We Trust (@IGWTreport) April 2, 2025<\/a><\/p>\n<\/blockquote>\nLarry Fink shills Bitcoin:<\/strong> BlackRock\u2019s Larry Fink said Bitcoin could threaten the US dollar\u2019s reserve currency status. As Assness says, maybe not the most unbiased source.<\/p>\n\nIf someone who was an actual great investor or economist said this I\u2019d have to think a bit. But when the world\u2019s most successful (it really was well done) roll-up casino operator without a conviction in his body (ESG today? Bitcoin today? Privates for mom and pop today?). Nah. pic.twitter.com\/yK7iBR1No0<\/a><\/p>\n\u2014 Clifford Asness (@CliffordAsness) March 31, 2025<\/a><\/p>\n<\/blockquote>\nJoin the world\u2019s toughest valuation training<\/span><\/h3>\nBecome a Valuation Expert.<\/strong> Valuation Master Class Boot Camp graduates can confidently value any company in the world and possess in-demand industry skills.<\/p>\nClick here to learn more.<\/a><\/strong><\/p>\nWeekly market performance<\/span><\/h3>\n![\"\"](\"https:\/\/becomeabetterinvestor.net\/wp-content\/uploads\/2025\/04\/image-253.png\")
<\/a><\/span><\/p>\nClick here to see more markets and periods.<\/a><\/strong><\/p>\nChart of the week<\/span><\/h3>\n![\"\"](\"https:\/\/becomeabetterinvestor.net\/wp-content\/uploads\/2025\/04\/cow-aws-performance.jpg\")
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You can cancel at any time. Click here to learn more.<\/a><\/b><\/p>\nPodcasts we listened to this week<\/span><\/h3>\nRussell Napier, Edward Chancellor, and Neil Rogan at Money Makers podcast: 29 Mar 2025<\/strong><\/p>\n\u201cIn the latest editions of the Money Makers investment trust podcast released this week, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the 2024 AIC Best Broadcast Journalist Award, is joined by Russell Napier, global market strategist and founder of the Library of Mistakes in Edinburgh; Edward Chancellor, historian and author of The Price of Time; and Neil Rogan, chairman of Invesco Asia Dragon (IAD) and Baillie Gifford UK Growth (BGUK), and a non-executive director at J.P.Morgan Global Growth and Income (JGGI).\u201d<\/em><\/p>\nListen to the episode.<\/strong><\/a><\/p>\nReadings this week<\/span><\/h3>\nInvesting Politics: Globalization Backlash and Government Disruption!<\/strong><\/p>\n\u201cI will start with a couple of confessions. The first is that I see the world in shades of gray, and in a world where more and more people see only black and white, that makes me an outlier.\u201d<\/em><\/p>\nRead the article.<\/a><\/strong><\/p>\nBook recommendation<\/span><\/h3>\nThe Secret of Our Success: How Culture Is Driving Human Evolution, Domesticating Our Species, and Making Us Smarter by Joseph Henrich<\/strong><\/p>\n\u201cHumans are a puzzling species. On the one hand, we struggle to survive on our own in the wild, often failing to overcome even basic challenges, like obtaining food, building shelters, or avoiding predators. On the other hand, human groups have produced ingenious technologies, sophisticated languages, and complex institutions that have permitted us to successfully expand into a vast range of diverse environments.\u201d<\/em><\/p>\nGet the book on Audible<\/a><\/strong> or Kindle<\/a><\/strong>.<\/p>\nAudible is great; have you tried it?<\/span> If not, click here to get 2 books for free<\/a>.<\/strong><\/p>\nMemes of the week<\/span><\/h3>\n\nNo one is safe, not even the penguins https:\/\/t.co\/jcWlK1FqZv<\/a> pic.twitter.com\/7rtzUGR2wJ<\/a><\/p>\n\u2014 greg (@greg16676935420) April 3, 2025<\/a><\/p>\n<\/blockquote>\n\npic.twitter.com\/LhhXeSC1Li<\/a><\/p>\n\u2014 litquidity (@litcapital) April 3, 2025<\/a><\/p>\n<\/blockquote>\nNew My Worst Investment Ever episodes<\/span><\/h3>\nEp801: Stu Heinecke \u2013 How to Get a Meeting with Anyone<\/h3>\n
The great math behind Trump\u2019s tariffs: <\/strong>For every country, they just took the US trade deficit with that country and divided it by the country\u2019s exports to the US, or applied a minimum 10% tariff.<\/p>\n Just figured out where these fake tariff rates come from. They didn\u2019t actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country\u2019s exports to us.<\/p>\n So we\u2026 https:\/\/t.co\/PBjF8xmcuv<\/a><\/p>\n \u2014 James Surowiecki (@JamesSurowiecki) April 2, 2025<\/a><\/p>\n<\/blockquote>\n The real reason behind the tariffs:<\/strong> As Bill Ackman says, the tariffs are a negotiation tactic. However, the response is uncertain, and therefore, it\u2019s a high-stakes game, which could lead to a trade war.<\/p>\n The countries that make the first tariff deals with @realDonaldTrump<\/a> will make the better deals. The countries that wait or retaliate will regret that they were not part of the early deal group or worse.<\/p>\n \u2014 Bill Ackman (@BillAckman) April 3, 2025<\/a><\/p>\n<\/blockquote>\n Gold hits US$3,200: <\/strong>With Trump\u2019s tariff galore, uncertainty spread throughout global financial markets, and gold hit US$3,200\/oz t for the first time in history.<\/p>\n JUST IN \ud83d\udea8: Gold hits $3,200 for the first time in history \ud83d\udcc8\ud83d\udcc8 pic.twitter.com\/tkRLfGn6js<\/a><\/p>\n \u2014 Barchart (@Barchart) April 2, 2025<\/a><\/p>\n<\/blockquote>\n Russia and Australia have the largest gold reserves:<\/strong> At 12,000 tons each, Russia and Australia have the largest gold reserves in the ground, followed by South Africa with 5,000 tons. Indonesia, Canada, China, and the US have around 3,000 tons of gold reserves.<\/p>\n Gold Reserves in the ground, by country. pic.twitter.com\/W2yBw4tYxC<\/a><\/p>\n \u2014 In Gold We Trust (@IGWTreport) April 2, 2025<\/a><\/p>\n<\/blockquote>\n Larry Fink shills Bitcoin:<\/strong> BlackRock\u2019s Larry Fink said Bitcoin could threaten the US dollar\u2019s reserve currency status. As Assness says, maybe not the most unbiased source.<\/p>\n If someone who was an actual great investor or economist said this I\u2019d have to think a bit. But when the world\u2019s most successful (it really was well done) roll-up casino operator without a conviction in his body (ESG today? Bitcoin today? Privates for mom and pop today?). Nah. pic.twitter.com\/yK7iBR1No0<\/a><\/p>\n \u2014 Clifford Asness (@CliffordAsness) March 31, 2025<\/a><\/p>\n<\/blockquote>\n Become a Valuation Expert.<\/strong> Valuation Master Class Boot Camp graduates can confidently value any company in the world and possess in-demand industry skills.<\/p>\n Click here to learn more.<\/a><\/strong><\/p>\n Click here to see more markets and periods.<\/a><\/strong><\/p>\n You can cancel at any time. Click here to learn more.<\/a><\/b><\/p>\n Russell Napier, Edward Chancellor, and Neil Rogan at Money Makers podcast: 29 Mar 2025<\/strong><\/p>\n \u201cIn the latest editions of the Money Makers investment trust podcast released this week, Jonathan Davis, editor of the Investment Trusts Handbook and winner of the 2024 AIC Best Broadcast Journalist Award, is joined by Russell Napier, global market strategist and founder of the Library of Mistakes in Edinburgh; Edward Chancellor, historian and author of The Price of Time; and Neil Rogan, chairman of Invesco Asia Dragon (IAD) and Baillie Gifford UK Growth (BGUK), and a non-executive director at J.P.Morgan Global Growth and Income (JGGI).\u201d<\/em><\/p>\n Listen to the episode.<\/strong><\/a><\/p>\n Investing Politics: Globalization Backlash and Government Disruption!<\/strong><\/p>\n \u201cI will start with a couple of confessions. The first is that I see the world in shades of gray, and in a world where more and more people see only black and white, that makes me an outlier.\u201d<\/em><\/p>\n Read the article.<\/a><\/strong><\/p>\n The Secret of Our Success: How Culture Is Driving Human Evolution, Domesticating Our Species, and Making Us Smarter by Joseph Henrich<\/strong><\/p>\n \u201cHumans are a puzzling species. On the one hand, we struggle to survive on our own in the wild, often failing to overcome even basic challenges, like obtaining food, building shelters, or avoiding predators. On the other hand, human groups have produced ingenious technologies, sophisticated languages, and complex institutions that have permitted us to successfully expand into a vast range of diverse environments.\u201d<\/em><\/p>\n Get the book on Audible<\/a><\/strong> or Kindle<\/a><\/strong>.<\/p>\n Audible is great; have you tried it?<\/span> If not, click here to get 2 books for free<\/a>.<\/strong><\/p>\n No one is safe, not even the penguins https:\/\/t.co\/jcWlK1FqZv<\/a> pic.twitter.com\/7rtzUGR2wJ<\/a><\/p>\n \u2014 greg (@greg16676935420) April 3, 2025<\/a><\/p>\n<\/blockquote>\n pic.twitter.com\/LhhXeSC1Li<\/a><\/p>\n \u2014 litquidity (@litcapital) April 3, 2025<\/a><\/p>\n<\/blockquote>\n\n
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Join the world\u2019s toughest valuation training<\/span><\/h3>\n
Weekly market performance<\/span><\/h3>\n
<\/a><\/span><\/p>\nChart of the week<\/span><\/h3>\n
<\/a><\/p>\nTry 1 month of the Become a Better Investor Community for FREE today!<\/b><\/h3>\n
Podcasts we listened to this week<\/span><\/h3>\n
Readings this week<\/span><\/h3>\n
Book recommendation<\/span><\/h3>\n
Memes of the week<\/span><\/h3>\n
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New My Worst Investment Ever episodes<\/span><\/h3>\n
Ep801: Stu Heinecke \u2013 How to Get a Meeting with Anyone<\/h3>\n