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December 2023


Read. Reflect. Re-energize.

Visual Capitalist | How Big is the Market for Crude Oil?

“While the global economy relies on many commodities, none come close to the massive scale of the crude oil market. Besides being the primary energy source for transportation, oil is a key raw material for numerous other industries like plastics, fertilizers, cosmetics, and medicine. As a result, the global physical oil market is astronomical in size and has a significant economic and geopolitical influence, with a few countries dominating global oil production.”


Saxo | Outrageous Predictions 2024: The end of the road

“The smooth road the world has travelled on since the Great Financial Crisis, with stable geopolitics, low inflation and low interest rates, was disrupted during the pandemic years, with policymakers and investors betting on a return to the ‘old normal’. In 2024, it becomes clear that the smooth road is at an end, sending the world into a dangerously uncertain future. Our 2024 Outrageous Predictions look at how the world navigates the ultimate end of the ‘old normal’, and how new technologies solve old problems, while creating new, maybe more dangerous dilemmas.”


Macro Voices | Keynote Presentation: Marc Faber in Conversation with Grant Williams

Erik Townsend and Patrick Ceresna welcome Marko Papic to MacroVoices. Erik and Marko discuss Ukraine-Russia Conflict and The West, Israel-Gaza Conflict and its Potential Global Implications, US-Iran Conflict Impact on Markets, Geopolitical Risk in South America, China-Taiwan’s Potential Conflict and US Supply Dependence and the US Election and How it Could Affect Markets


Reddit | John Williams Composing the Iconic “Home Alone” Soundtrack Back in 1990

Nostalgia at it’s finest. Listen to the iconic “Home Alone” soundtrack conducted by John Williams back in 1990. Fun fact, he was the oldest person to be nominated for an Oscar at 90 for Steven Spielberg’s film ‘The Fabelmans’, which was released in November 2022.


YouTube | Heart – Stairway to Heaven Led Zeppelin – Kennedy Center Honors

Watch this video as Heart’s Ann and Nancy Wilson performed a rendition of “Stairway to Heaven” accompanied by Jason Bonham on drums and flanked by an orchestra and massive choir.


Google Trends | Google Trends Time Capsule: Explore the History of Google Searches

Google Trends provides a unique look at what the world is searching for, and what it seeks to better understand. The Google Trends Time Capsule outlines the top five “most searched” in a category each year from 1999 to 2023.


Stripe Press | Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

“You are about to embark on an extraordinary journey toward better investing and decision-making. You may arrive at a better understanding of life as well, all thanks to the wit, wisdom, speeches, and writings of Charlie Munger—this generation’s answer to Benjamin Franklin. Charlie’s unique worldview, what he calls his multidisciplinary approach, is a self-developed model for clear and simple thinking—yet his concepts and models are anything but simplistic. Notice how well Charlie’s thinking stands the test of time: The earliest talk in this collection is almost 20 years old, yet it is as relevant today as the day he first delivered it. As you will soon discover, Charlie’s observations and conclusions are based on fundamental human nature, basic truths, and core principles from a wide range of disciplines.”


Investment involves risk, uncertainty and assumptions. The value of investments rise and fall and there is a risk you may not recoup the amount originally invested. Past performance is not a reliable indicator of future performance.

The contents are provided as general in nature and should not be relied upon nor construed to be the rendering of specific tax, legal, accounting or professional investment advice. Readers should consult with their own accountants, lawyers and/or financial advisors for advice on their specific circumstances before taking any action.

The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. No representations or warranty, expressed or implied, is made by Caldwell Investment Management Ltd. or its affiliates.

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