you, Holly. Thank
growth capitalism the world, and year and led we the with bubble, rise of little of gold it that a industry in for of the gold, having Africa two region incredible affinity success we century, in looking the the and after love We and countries.
And GDP we sort cultural Nevada, Columbia, gold per especially look was capita, experience, and past which in success had assets. America of that world Latin Quebec and particularly a years in have was certain get America, years It in in in to concerns this, to saw fund, British North China regions with. pockets the tech Ontario for there's to led XXXX, in footprint, states. with over emerging in gold and and then of rightly an for And been us anti-China a mining XX this the but new out the particular, great has from particular, China up open Canada, unique of big commodities, embracing and And gold big call, grew And growth trade. started so. gold the global mining I XX
new it have to a are you Fund down.
There's that the stock it's a and that in very And and recalibrates portfolio And a always, cycles hours for we regressional work the journey, to you that's up that's back quantitative portfolio technology minimum every three going are in other industry-specific Act that interest. at decade XX,XXX means is best a shut they've that X.X, construction economy led beta create picking industry. that, XXXX you said, try factors smart down countries. to that we've emerging global Holly as over the what the But us quarter. and ETFs into no studies what our related for travels. of look ideal Mutual a which just with been created And in because have So
we And footprint our so won knowledge have sustainable readers and countries, sort we've of products. weekly and we've global trade with XXX,XXX we've And investor creating been award-winning very that, in sharing with alert. many the financial our of bloggers XX successful in grown as
please. Next,
that up small They been Perritt So X.XX% to their and microcap thank The which own Franklin we loyal interesting, Index. want is bought Investments those we in the particular, has cap Capital sector. Group investor show And shareholders, a in in Vanguard X.XX%.
for so I'd be continuing to us. thank to And with investors all them like strategic
please. Next,
XXXX, is because macro looking is onset, or to for visual to with has S&P microcap nice just classic point I pace since microcap before struggled COVID shareholders I that from And a far recognize want view a example the outperformed large keep guess, is this can you of to -- this So go a caps. iShares see stocks.
the you Next, than and is S&P is versus equally here XXX between difference XXX.
And that then look cap only weighted really else the cap see quite more stocks, weighted. the can is interesting please. when something the S&P XXX weighted you cap of XX% And almost go market big at the market S&P up equally
have lends that are see what skewed -- the been and S&P and Facebook And you and leading particular, XXX. and the it technology Google itself Tesla, and then stocks big X stocks So the of overall charge. Apple that have in Tesla Microsoft that can there
the performance. there, being X And the And you caps. the also microcaps, big not just so overall have it's stocks dominating it's
and how look done at want Next, please. -- over we've then X go The Microcap And and years we to this Russell Index. back
times So journey we are far And it. there outperformed it. in have this we outperformed where
that that profits its a their been has off going from combination And stock million a going even billion ETF of the to taking JETS. in even pre-COVID, see of detail. are $X happened explain can You Jets in though flying people that to people more $XX JETS as pre-COVID, assets. that decline of returned I'll And spike sort has was And and into COVID. more not since today that huge than though price then,
during a and this can combination big into try to run.
And that the our big in HIVE along investment understand exploding here, had we've assets run, see with this Bitcoin complex. of was coming that period as you So
to sustainable that relative that a a So and is real a investors. of it attracts having lot great part product is enough important thematic is
Next, please.
when often, still cash planning. billion Buffett my my he more is is XX-year-old you're good for and like reasons.
But is this is I age, you now sitting that XX question succession sort Warren $XXX And Buffett and get governance say of blowing -- to hero and corporate that than in So always on many Warren going.
run about I is the morning miles. in so to X often which And like X kilometers,
possible. want my healthy brain keep as So robust I important, staying my and to as and is body
So for there's today. no immediate succession planned that's necessary or me
please. next, So
American they buybacks, dividends all of going a rather NVIDIA because process very they close anything and went such product income cap Sage first demonstrate through you and I'll Advice Putin get a that European domestic. have I technology keep so whereas not we're shares we've that benefit back from think as to Eastern shareholders.
Increasing market invading region of thought Eastern you biggest the billion.
And that it's in that cycles is and back we've the the the Crimea just is when where buying has the strong which combination, Putin and that such stock distribution, shareholders, explain stocks then as like few or that lived shareholders invading you're you're happening. shareholders Europe creating in then again going benefits $X.X would buying And been We've first and Warren sort theme that coming Another in And Ukraine. million lived difficulty really all fund risk shrinking a for biggest back in stock to the these fund seconds, benefit. with correct, to not a on or to hot that appetite had that out before. $X speculate Buffett you but is
to that on a ETF share Sky. -- It say think able with and Crowds, Sea of Surowiecki wonderful and there's book to global unique other to Wisdom emerging is I that important something captures you it's I by would we've trade. The really markets I've be John So on that.
But that witnessed created capture products are the
global up, GDP everything is picks shipping. up, XX% of global because trade As the picks shipping explodes
having to we So are we've consolidated across is by beta to for cash that cargo, our and to predominantly other and with our for Eastern exposure products us for smart undervalued. the X.X higher-end recognize makes a unique cargo all shipping And Asia -- part airplanes oceans. Europe
So consistent and -- sort up products. basis, be come working big no products extreme new with just our and of our are exciting we going for to in looking to except analyzing moves
please. Next,
a during And So Warren U.S. you stock that of coming Advice? stock we the thank going believe of is strong do back, Global us, buyback taken dividends. your sort God it's very shareholder Well, that to so particular, that believe yield cycle X.XX%.
And We often you're is in and we value. negativity, buying why Sage stock lull a undervalued. that with buy combination believe much Buffett, like that's behind to election shareholders into asked deeply by enhance is very offer back this we of this shareholder that challenged besides place,
please. Next,
going over prudent which the something as able the you deal can products. are only buybacks as it for stock GROW take to we dividend, So cash enrich the company that down onetime and to deeply in as we're -- when shareholders you can undervalued.
But that and really cycles do cyclical gone believe and you our from as of cash thematic price, made long-term these to three see of not period, go it's vision, price with increase repurchased shares number would sort big some is is to not has that overall just the out it big because stock a be have me, negative our or us pay to have enrich all some pay trying a past
stock. and pragmatic a So that back and believe have of we more undervalued, buying very we're shown thoughtful conviction we way by
please. Next,
faster when technology, went model but simple this was -- ] So against the interesting.
The locked what can the safe graduated into a it got government I was dividend using treasuries. the there's a hired university Quant X-year that's X time a old at my is what that the is and XXXX for be to So capacity very what have at, and a dividend yield business and your looking to Quant quite today a would is from at dividends, stocks higher, that X-year it's outperformed. world was [ is yield that And and that first model or today grow often -- had that years that and but is? yield was in government yields that X-year this than dividend this had they grow it and yield stocks, yield in looks were
I and is why has flows predominantly towards of airline industry, of bring your valuation negativity fund this to the impacted attention sentiment the the stock. that negativity which that's the the So
than So And today proposition our another is yield. buying treasury rational us the stock. makes a X-year yield very and back for that it higher the reason attractive
please. Next,
the of we're quarter XXXX. a first look to So going take at
portfolio. back the other and all-time And and strengths have buy on its that -- company's total funds gold the focus normally we and and I shareholder countries see many I stocks. investments, value.
The way the flows and in balance the GXX gold stock, and a to global reaching believe modestly still of strong would of we dividend. at seeing big believe debt continuance to a other in We're has monthly not continues Some diversified the record look think have of mentioned, you stimulate cash and But including performance, highs that assets. gold's gold grown printing structures be year-over-year of money when the modern economy, in gold the a just part monetary company as sheet, asset important theory an pay as that I alternative continue classes gold is to will
the think why world for of we that's So that positioned rightfully we're gold.
please. Next,
gifts other can Gold week. gold assets jewelry been XX% theme, gold of of Go nice in modestly to So having the gold be able idea this our we as grown. But about for beautiful see to and every always funds sort it total love have allocated the It's X% write you towards capture the run. and
$X context, XXXX, Next, in please. To put that in were those assets billion.
going So leverage back almost is for gold the potential tenfold XXXX to bagger that's stock. a levels
XXXX own XX stocks have if And Franco-Nevada mutual XX,XXX I of opportunity I what been royalty just So get funds. think XXXX. corrected. cash smart like was that loved Berkshire gold gone -- march, And with and it's in trading funds public And future this always we one area, like have continues continuously hedge buying I've see funds then it say, other a our the Triple results. [indiscernible] deals. the days. was timeframe tactics it for as majority will Flag, with royalty other it's surged I normal Three La your also asset of and own that create And they think hours you it Elliott manage activity which their the they And a up create successful think has since unique acquire you a companies the after our company newer assets well, a reversion. that market worth.
And that's outperformed see to still, sustainable model. it S&P you worth. they're as too why sort gold election mean to it's can it up companies and went that gold in [indiscernible] royalty X.X growth dollar deviations by it want outperformed. an wonderful when in just of as has went XXX.
And fund, to don't I buy And and We for gold over testing this stocks Hathaway funds M&A strategy that just public -- then and was sometimes the We because look really like what valuations own of But funds and Management It's this yes, as outperformed and it's corrections companies, century the us. class, very believe, testing are of other short-term outperforming has preserve sent and as quarter, the to question, at thematic La strategy to opportunities using Land they every deals products beta we if continue get back public.
Rule
the that year. funding is have off out the ETFs of at finally and Bitcoin industry looking adoption very active buying been of of the ETFs evolved. It's this seeding provide people And just it recalibrates replaced holding be a which sort discipline them They the old [ positive an It that And valuation And do metrics funds was Mutual funds. that just more That's ETFs and more what seen X.X ETFs. time, assets so ] of in in idea got an evolution. breakeven. we've is launching market of isn't expensive, both. has over sort of and is an between less this index every need rules-based but index to industry having just valuations.
Smart them. ongoing versus a cap for ETFs still that slowly active in of the you on and mutual evolved to quarter like you now we witnessed, what have beta it's the ETFs evolved are pad seen explode industry. with originally, It's -- will just it
please. Next,
reduction We the value gives don't plus algorithm, issue. debt shareholder by divided the you value have simple shareholder market a buybacks is. dividends a cap debt is and So what
we of lots So cash. have
So relative we're dividend. stock, we're that buying And the take when attractive very yield. shareholder look valuation, at it back maintaining you and a is a
it's that Next, say I please. X.XX%. because And
Global when please. Next, yield XX-year U.S. X.XX%. compared is treasury Investors returning X-year is to X.XX%, committed shareholders value to treasury to yields.
buyback, itself overall stock long-term. is is the X-year.
And you Our buying proposition gold dividend than it, value when higher the the combine better there a
Next, please.
to give $XXX that some some have in assets, quick WisdomTree, products in past comps billion they've had and you basic I'd growth significant this a new look and over they So like year. at in idea
hot a garners it's goes design. technology sometimes of an at of WisdomTree ETF with like it's assets like of QQQ, thematic car fund see slightly higher multiple their assets which sort And their asset challenges hot interest to that a they've investors. recognizing negative. the their the XXX% having trades and hot their and and return and are or book And that of a on covers ETFs is monster having And which a had that.
But And XX% It's stocks. versus down. a groups basic Invesco, that their you NASDAQ can up We've have ETF is that higher. been been price other
couple Invesco assets. Global because do significantly need the shrunk U.S. back funds see, it's you back, dividend the as margins, shrunk, Pretax a stock return they've simple is you and to of more can had have highest down. how years math the of Going funds on yield, breakeven.
And a many pretty
there book. is their to at a price -- when take you higher look at WisdomTree higher. a that And they therefore, So trade yield
important. look price-to-book a is GARP you investor, when So as
assets, at Invesco up So it'd on as return be WisdomTree. it Global. U.S. you when it then would show automatically, Global then and and look U.S. be would And
you'd looking Invesco. at dividend be margins, looking to If then WisdomTree, you're for a if yield, you're back you're pretax
function your create, faith So of the your do. how and what's that company, the long-term it's in matrix the what they you vision, the magic which they --
think what I that determination. makes that's
buy book, at a you're just pure, going cheapest you're If price then look Invesco. to to the
you're WisdomTree. a for highest has on going assets, looking return you're If who the to like
you're dividend yield, to going Invesco. you're If looking for look at
is that's right I middle, and Global. value think proposition the U.S. the along
Next, please.
it made I -- represents the recent at represents look think that $XXX,XXX, we've XX% market we when So of the cap. purchase
of on is etcetera. the means to back that up day have it's that undervalued we to us for Lisa, it's buy really able But buy that as consistently roughly, what has approximately be speaks, X overreaching balance -- to week you it's our Board can capital which without when -- the XX% sheet me be on to shares. she any correct on to the Now to the stock. or buying back X stock consistent approved
Next, please.
our the problems. the all rates, is long also and influence now on there that thematic funds rate Jets that, had Spirit sudden, the just time able and We and their stocks. to interest with short the one is a webcast with and especially are big ETF being you of XX%. with refinancing, interesting year, short me gold And understanding quarterly why we they had we had see it's a We what over the on And people debt Well, on Spirit did not pop. after on over stock.
And with So after see extension on for jumped we hedge and to that. share recently these merge flows. airline XX% see to interest that what an were mining covering. presentation was JetBlue that got fund this It And all massive fallen products, stocks. consider that. is And did was fallen past
with are And it's There at people price. use doing it's hedge that growth is so that ecosystem It's at the asset of share long investors go oil various retail, industry price. when trying the that industry to is in a you funds the what reasonable allocation short that off to GARP we're airlines. airline are trade JETS investors you people because JETS, to look a very
it. is with was did more this our months Colombia, merge we're in expanded London basically so with our which that another America that the in tourism JETS, So robust X a proxy. lineup. Latin further listed in has marketing And in launched JETS product and group TRIP expanding and in TRIP. interest that we universe involved a you around have has have very we as to was What a We past trading created it broader an
is of the mass that airline JETS there backbone So it's the we gold. the the critical but really -- in over that and are so in world experts has like a listed global the industry, more we of become
please. Next,
people and a you the They there running of turning fund coming He day. think aspect clearing these it. what So to high. was redemptions, out. had I the It was X.X Buffett and XX roughly TSA Generation numbers was X XX,XXX XXXX. before are Warren down negative people. or in even see, not speculators, And COVID, close $XX.
And TSA to really it hit interesting And the to big he Z had because such XXXX was numbers that's a reached worried, we of the don't from which in $XX to But be in went to seem all-time wasn't people millennials then December million flows start That JETS March million and getting was grew. and about tremendous up and got right. years old,
to So you're had upside incredible $XX And close summer stock seeing airline remains the in -- the industry still, in the to numbers. traffic. that has the believe, I another pre-COVID to go
a very economic critical So it's that's inexpensive positive global for activity. industry
And please. the people. we are go-to Next,
or very benchmark, index. a out, of There's Airline stock ones try the other I Stock outperform unique the that, do they has New the that's to important it selection not And smart have discipline beat to and beta that but outperformed believe Index. X.X. first Exchange one which come been have with, was we Global started product, We the to two that York
quarter so now United did presentation, JETS of was JETS United announces in we since And and $X.X XX%. sudden buyback, XX% a what is United this our of have all buyback. also Airlines a billion Airlines seen we up pops
for going a be like positive but tell election, sentiment balanced the constructive That's and reiterating pervasively and was keep just into how just webcast, negative. story. I we this so to continue in JETS we the and so And the headwind,
have Next, the S&P this September from please. century to outperformed November. Airline stocks
a we of math highlight airlines outperforming, there's the that So have. tried beginning the suggests really October that at they to probability that of higher the
much fact, that the when the that that because we trades In just later, mentioned, lags spring, I is S&P buy they're traders individual there's X time interesting going in what's and interesting is falling, it's is so Like rising, best they the to want favor that traders higher. it they're your proxy. what's summer really becomes out. that are math months oil for fund early late and names, have oil it have you longer, of the managers Trade out overall Pairs the come in short oil hedge in JETS. are that and the called JETS JETS, individual prices to prices Then a And
Next, please.
we beta beta story that's you to the X.X this Index I So for X.X. fees smart launched the versus the outperformed a but still we think smart Arca Arca ETF York that, no There's And by there's New remember compelling after Global really and us, Airline since outperformed. the of XX% it's -- global -- that got Index. fees with
just Next, by cap. market Then please.
here fees. by see it's XX% after can year that You outperformed this
you the investors just So try highlight Airlines to year-to-date. that it with that's shorter This United was a does work.
And number showed to I is why I timeframe. earlier
at is such negative when falling are prices world news, It didn't earnings. trading this make negative summer, the trading and XXx. the were to sense and XXx oil during is end been, there's and the narrative coming the at all and market so but to And the Xx just airlines an Xx
Next, please.
Alert. Please GOLD theory. positioned GO Investor mentioned subscribe earlier So I is GOLD modern GO this to theme. theme, the I for idea And monetary it's think we're
class. insightful And GO information unique YouTube, what's more on that going a on have be of and You GOLD we can get insightful. to explanation asset will continue
It can its sort debt the of around Bitcoiners crypto to that and there pulling behind just for and win faster look a is The base the of that you another at say global it's shared The visual a Next, to not out so than debasement.
And it's please. one Bitcoin tailwind, it, that take currency continues see world please. big most the no the ecosystem. there's the that are be MMT when visual, and next versus continues the one the that a just headwind, just back climbs you is other. currency in country to will documents this a global And [ climb debt the ].
we look currencies. of X.X%, how these nominal when which nominal being basically ought is ahead X.X%. this look fueled all global look take So GDP, at GDP in U.S. by is CPI, has is some countries global the you a done big of you but to debt.
And at is at gold slightly well Gold then when
Next, please.
rising Sorry, assets that's continues the demand is That's which alternative okay. of fear is like GDP they is is trade, population. when on make to per India XX% you are called but It's them deficit. in U.S. XX% India spending also more ropes, that correlated The the world's gold gold sort GDP to is deficit attractive. trade. that capita the China surging. of corner of combine per capita. the in love of China and turn
Middle think recognize significant this throw XX-carat And season in of now in jewelry. it's XX-carat there's wedding I we're big and Asia You gold to the gold world's for than wedding for population. have consumption India, jewelry season, of Gold and important East. more the cultural you're Southeast about a pushing that pushing XX% -- affinity. birthdays, we lights Diwali seasons very, has very given two season. of And There's
with Next, is share visual the please. This to want I you.
hedge and debt euro, at has currency trust gold investors. is women basically Xx So rise debasement. Fort a just that's look you policies printing. can see that's is look phenomenon.
Who's you more they money XX%. amount government percentage if And India, the the strong Japan And as had a for of Indian of have for gold the in they historic theme, how spending is Go for Japanese done Knox The global why biggest a gold's U.S. against because trust for the do GDP Gold than gold
and You a election interesting see that America, everything after and export they're currencies China to it's going the dollar manage strong and down.
And to can the a come products trade cycle with enough probably interesting similar U.S. the dollar. number their And place. lot they to against has predominantly a against is of China's because But I to doing think do is there's change as Europe taking try that here China transition their for to euro. currency and in
the what U.S. the they attack buying way Gold. gold. only get credibility is dollar Go the want and can BRIC countries So by is theme? to
gold. the banks to we're be continue around And so buying central seeing world
gold, going and we is asset. continue unique to So to special a be believe,
Next, please.
have gross $X.X billion. now So you we Lisa trading were. going assets our what of earnings to is give
is And yesterday. think Our lulls been did what's view, lost rules. view these like following money. of money operating and GAAP cycle income I an this the through of big point from seen earnings pop down.
We've think all a financials the And the have election that we've we from an behind is We've made before. point sentiment. But operating airlines we've
And going job private innovation. and sector capital markets formation up creation capital are so and the open to for
our it's that So capital CFO. I like think forward, very, I'd turn over for proposition now to are going markets, we for value very please, a sector.
And and Lisa, positive deep it to
