Jim Reid

golf, cycling, cricket, skiing, liverpool fc, music, banking.... what a mix

[Jim Reid @JimReid35]

@thetimmorgan “Make me a star”. Those tickets would be worth something these days.

[Jim Reid @JimReid35]

@SamsungMobile #stop

[Meb Faber @MebFaber]

One of my favorite papers last year was The Ultimate Guide to Long-Term Investing.

It covers 200+ years of data from over 50 countries to examine how asset classes have performed across a range of macro, policy and valuation environments.

My conversation with author Jim Reid of Deutsche Bank walks through the findings:

• What are the historical returns of stocks, bonds and gold?
• What variables best predict long-term performance?
• What does the recent surge in gold suggest?
• Should we expect US stocks to continue to outperform the world?

0:00 Starts
1:54 Importance of real vs nominal returns
5:36 Historical returns of gold
8:28 Global investment opportunities
18:06 Bond market performance and growth's impact on asset prices
23:11 Potential impact of AI
30:34 Valuation importance
42:43 Predictors of bond performance
47:01 Historical periods of high valuations
55:12 Impact of AI on economics

Sponsored by @AlphaArchitect

[Jim Reid @JimReid35]

@MerrynSW I’ll be certain not to cross you if I get invited back one day :-)

[Jim Reid @JimReid35]

@grok can you find where this picture came from in X.

[RORY FANS @rory_fans]

Good shot at the longgggggggg par 3 9th, 30 feet for birdie

[Jim Reid @JimReid35]

@diego_loveridge @grok @AnfieldEdition What about me @grok

[Jim Reid @JimReid35]

Today I hate golf….

[RORY FANS @rory_fans]

Bogey on 4. Back to +1

[Padraig Harrington @padraig_h]

More like pursuing speed. #BahrainGolfChamps @DPWorldTour

[Jim Reid @JimReid35]

@Fit_For_Golf Mike. Are there any exercises for chronic sciatica (lead leg - left) brought on by golf? I do a lot of core and weights work (helped by your programs) but I wonder whether I’m missing a specific one. Trying to avoid another back op.

[Jim Reid @JimReid35]

@dopamine_uptake @John_Stepek @johnauthers That was John’s interpretation. Which I have sympathies for with especially as gold massively outperformed its long term trend in this quarter century in a period of excessive money printing. But the starting point is constantly mentioned.

[Jim Reid @JimReid35]

@dopamine_uptake @John_Stepek @johnauthers Your post suggested you had read it to make such a comment. The report looks at returns over 200 yr plus of history so it splices and dices it many ways. While the main focus is on the new millennium we provide an adjusted 1995-2024 analysis to eliminate the equity bubble.

[Jim Reid @JimReid35]

@dopamine_uptake @John_Stepek @johnauthers And saying starting point matters… which is the whole point of investing. The note is about the 1st quarter century of the millennium which is why there is some focus on the last 25 years.

[Jim Reid @JimReid35]

@dopamine_uptake @John_Stepek @johnauthers Had you read the note we make a big point of adjusting for the starting point

[Jim Reid @JimReid35]

@garyjkemp Any chance of a few tour dates?

[Jim Reid @JimReid35]

@Corballyred #FSGIN

[Jim Reid @JimReid35]

@LouStagner when I changed to heads up putting 2yrs ago it was initially excellent. It made my stroke more positive and stopped me lifting my head at impact. However a few months later technique fell apart as wasn’t watching putter. So I reverted. So keep up technique work if u try.

[RORY FANS @rory_fans]

Nice shot. Lovely. 11 foot for birdie on 8. 😍🔥

[Jim Reid @JimReid35]

@liamgallagher No Guildford or Woking dates?