New pods out on SaaS, NOW and investing strategies

I’ve recorded two pods in the last week that are nice deep dives into SaaS and characteristics of strong businesses with staying power:

– Ryan Reeves, Investing City – iTunes Link, Spotify linkOvercast link. I was absolutely pumped to add Ryan as a guest and this is my favorite podcast since starting the show. Ryan is the founder and CEO of Investing City and one of my favorite follows on Twitter. He’s a masterclass in reading 10Ks and analyzing great businesses. We talked through his process, some of his holdings and trading strategies on this episode. I’m really motivated to start reading through 10-Ks more carefully and exploring sectors I’m not familiar with like healthcare after talking to Ryan. I also just started the book he recommended by the great Phil Fisher and am really enjoying it.
– Josh Brostoff, GlideFast Consulting – iTunes linkSpotify linkOvercast link . Josh’s second appearance on my pod is as awesome as his first as we go through NOW’s second quarter. I didn’t know about some of the improvements ServiceNow has made to workflows over the last few months and I liked hearing Josh talk about it from the developer and customer-facing perspective.

The pod has come a long way (my weekly show with The Impervious even has a soundboard now!). Please subscribe and/or let me know if you have guests you’d like to see on the show and your feedback in general!

I haven’t been doing my regular chart updates but figured I’d drop the main sector performance chart into this e-mail:

I’m adding $GLD and $GBTC (bitcoin ETF) for comparison purposes. I’m shocked gold is outperforming stocks since the pre-COVID highs.

More shocking yet, bitcoin is trailing industrials over this time period. Yes, you read that right – the supposed inflation / equities hedge asset is as beaten down as industrials.

I don’t want to make too much out of a half a year period but I think it’s hard to explain away these facts if you’re anti-gold or pro-BTC when it comes to having an asset inversely correlated to the market.