the relationship was about hydrocarbons
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Don’t lose sight of the fall of the petrodollar and the mix of US notes vs gold in sovereign holdings. The idiotic national debt problem. This was our core thesis years ago.
This was long before AI entered the conversation or the risk of Trump being institutionalized. As with so many picks (PLTR) we perhaps luckboxed into some coincident bonus but I’m not gonna lose focus.
Personally, I think we consolidate and drift sideways for a while. I’m fine with that. Wanna keep what’s mine come what may.