Weekly note : Maybe we are already in the Roaring Twenties, Cockroach/Permanent portfolios, CTAs and inflation protection

Plus a reminder of why Chrysalis is still worth a closer look and a deep dive into the Ineos empire

Programming note: For the next few weeks (until end August) I’ll be sending out a weekly note, apart from the week commencing Monday 29th July, where there will be no letter (I’m travelling).

Macro: Roaring Twenties

The attempted assassination of Trump has come like a bolt of lightning into the geopolitical scene. All things being equal I felt until a few…