Update on Caledonia Trust
This week, I will touch on the Caledonia Investment Trust (CLDN). The portfolio is £3bn, yet the market cap is £2bn. So, by investing in CLDN, you get a share of £1bn for free.
ByteTree Research
Empowering the private investor
0:00
/7:02
If you are investing your own money, ByteTree is here to make your life easier.
ByteTree is an investment advisory service. We don’t manage your money, but we help you manage yours. Our mission is to help you with clear, actionable investment research. We deliver high-quality financial guidance at an accessible price.
Our flagship paid research service is called The Multi Asset Investor. It is run by our founder, Charlie Morris, following his career managing a global multi-asset fund at HSBC. It offers two portfolios: one is safe and steady, the other seeks higher returns with managed risk. Our track record of making money steadily goes back to 2016.
We also offer deep-value stock recommendations, trend-following strategies, and research on digital assets, as well as our bitcoin and gold ETF, BOLD. Discover more on our Publications, Pricing, and Trustpilot pages. With thousands of clients worldwide, we are dedicated to helping investors reduce risk and improve results.
Safety, clarity, and success, through sound financial principles.
Latest
Update on Caledonia Trust
This week, I will touch on the Caledonia Investment Trust (CLDN). The portfolio is £3bn, yet the market cap is £2bn. So, by investing in CLDN, you get a share of £1bn for free.
Venture: US Technology
This Venture recommendation highlights a once hugely popular stock, which fell by 90% before the turn. Yet, unlike other stocks that collapsed after the 2021 bubble, this one has delivered higher revenues and cash flow, while embracing AI.
Strategy Is Not a Systemic Risk to Bitcoin
It should be noted that MSTR’s risk relates to the premium or mNAV, and not the credit risk. The latter would only kick in if the price of Bitcoin truly collapsed from here.
Malaysian Bond Yields Are Lower than Gilts
Not only does Malaysia have a lower cost of borrowing than the UK, its currency, the Ringgit (MYR), has beaten the pound since the Asia crisis in 1997/8.
BOLD
·
BOLD Buys the Bitcoin Dip
In November, BOLD fell by 3.6%, while Bitcoin returned -16.5%, Gold +5.9%, and global equities +0.3%, in USD terms. This has been a severe correction, yet Gold’s gains have softened the fall for BOLD.
Quality
·
Our First Ten Quality Stocks
We’ve picked up the pace in November as the market conditions are favourable for quality to outperform. Now is the time to buy quality.
Our Research
TMAI
·
The Multi-Asset Investor
A diversified portfolio service that blends traditional bonds and equities with alternative assets such as gold, commodities, and digital assets
Quality
·
ByteTree Quality
ByteTree Quality offers investment research and a model equity portfolio, which recommends large, liquid companies with sustainable profitable growth and durable competitive advantages, at low valuations.
Atlas Pulse Gold Report
Atlas Pulse (est. 2012) is a monthly report on the gold market, written by Charlie Morris
Digital Research
Featured
ByteTree Quarterly Investor Letter - Q3 2025
In this Q3 2025 update, I shall review the model portfolios, named Whisky and Soda, which I have been managing since February 2016. I shall also touch on our other services.
The ByteTree Broker Survey 2025
ByteTree clients often ask me, Which is the best broker? There are many “brokers” where you can buy and sell
More from ByteTree
·
Free Resources
We have put together a range of free reports for you. They cover a range of topics, such as key
ByteTree Blog
Occasional posts from the ByteTree team on a range of financial topics.
Featured
Become a ByteTree Affiliate
If you are a fan of ByteTree Research, you can help spread the word with our affiliate program.
The AAA Report Has Moved
A model-driven business cycle trend-following approach to investing.