The BBBB-Barbell Portfolio™️Comes to an End
Portfolio Review
We initially presented the BBB-Barbell Portfolio ™️back in January 20th.
Though the Portfolio evolved over the course of the year (e.g. we added “Borsch” to it!), in its simplest form it was a barbell of “Long Brazil” vs “Long Biotech” while keeping “Grift Arbitrage” & Cash as a buffer.
Had someone just “kept it simple” and invested equal-weight in EWZ (Brazil ETF) and XBI (Biotech ETF), they would be up c.+38% compared to just +14% for the S&P since Jan 20th. No sweat!
Overall our portfolio did better than that, with the P&L comfortably above +50% YTD and we give thanks.
There is something to be said about sitting back and making +40% with minimal effort vs a daily grind to make an extra +10-20% on top…
…BUT WHERE’S THE FUN IN THAT?!!!
Anyway!
With the year almost over, we are here to pay our respects to the BBBB-Barbell Portfolio™️ because “it is no more, it has ceased to be, it has gone to meet its Maker, this is an ex-Portfolio” <I’m trying to channel Monty Python’s “Parrot” sketch give me a break!> .
I already gave the explanation in a “Fly on the Wall” with PauloMacro, but here it goes…