Pod: 20 Stocks for 20 Years

Time for something completely different. Am riffing on an idea that my old friend Paul Krake and I worked on about 10 years ago. Picking 20 stocks for 20 years may be about as challenging as visualizing the middle America of 2015… as the makers of ‘Back to the Future II’ did in 1989.

But we are not attempting that - it needs to be a portfolio that works whether we have hoverboards and live in an AI-enabled utopia in which human aging and fusion has been ‘solved’ - or instead something like ‘Mad Max: Beyond The Thunderdome’, ‘Elysium’, ‘Rollerball’ or ‘The Hunger Games’ is more the vibe.

The Weekend Note:

The World in 2046

The Visuals and Links:

A rare paywall-free edition of Blind Squirrel Macro this week. If you like what you read and want to follow the rest of the journey, why not get in touch with the 🐿️ to claim a free trial or share it with a friend or colleague.

Citi makes the cut for this list even if realistically I had more than enough exposure to that ticker in the summer of 2006. We did not IPO Blackstone until June 2007 - the largest US IPO in 5 years - you have to imagine that that ‘top tick’ would have made it to the list! Are Altman and Amodei possibly the Schwarzman and Peterson of 2026?

Anyway, a $100k investment in that portfolio would have turned into a ‘creditable’ $399k today - i.e. compounding at just below 7.2% per annum having stomached a 10 year drawdown between 2008 and 2018.

The 2026 Extrapolation Portfolio ‘back test’ (on a log chart)

The 2026 Mosaic Portfolio “back test” (again on a log chart).

With such a degree of foresight, the Mosaic Portfolio - having ditched its GFC drawdown within a couple of years - would have delivered (fantasy!) returns that would have left US stocks (S&P), global stocks (ACWI) in the dust and 8.6x (!) those of the lowly Extrapolation Portfolio.

I am happy to put sensible suggestions through the screening / risk underwriting process. Any reader that is first to name an individual stock not on the long list into the final 🐿️-20-for-20 portfolio will get a lifetime free subscription!!

The first group to run the gauntlet of the screeners will be the financials (extracted below):

Dear Free Subscriber - You made it to the end! Thank you for reading. If you want to follow the rest of the journey, why not claim a free trial by hitting the button below.

Music from Max Slorach. Find him at:

email: maxonsaxentertainment@gmail.com / web: maxonsax.com.au

Thanks for listening!

Squirrel Out!

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