“We then collected those corrections and then basically fed them back into the training data, retrained the models. They then got better.”
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Said on The Leadership in Insurance Podcast - Insurtech & Innovation
David Rosenberg · Macro Voices · MacroVoices #552 David Rosenberg: Navigating The Noise
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Cut the gold position in his model portfolio earlier in the year and then added back into gold during the corrective phase
“We then collected those corrections and then basically fed them back into the training data, retrained the models. They then got better.”
“We're one of the lowest-cost gold producers in the world. And that is the best defence against a low gold price.”
“They point to the gold oil ratio. Historically, gold has been 20 times oil. Let's use $4,000 as a round number. That would place crude at 200.”
“We call it the gold service… you’d go… clean every six months… If he got just 20% of them buying that gold service… that’s 6,000 extra sales… final increase in the business was 100%.”
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