Real winners don't talk a lot - William Gallacher

United States
Joined April 2016
Sensible Speculation retweeted
If you have aging parents: Do everything you can to get them to lift weights. It will help them live longer while putting more life in their years.
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Sensible Speculation retweeted
Everyone eventually finds out the bond market is the most humbling market there is James Carville (Clinton’s political strategist) figured it out in 1993:
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Franco-Nevada will release its Q3 2026 results on November 11 after market close, followed by a conference call and webcast on November 12 at 8:00 a.m. ET. Visit us at franco-nevada.com/investors to view the full news release.
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Sensible Speculation retweeted
Starting yield matters. Morningstar shows a 97% correlation between starting 10-year Treasury yields and 7-year forward bond returns. At 5%–5.5% starting yields, the Bloomberg US Aggregate Bond Index historically averaged 5.7% annually over the next 7 years.
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Sensible Speculation retweeted
To the farmer I followed home… 🚜 Last night, after a golf scramble and the end-of-year golf banquet, I quickly got the golf clubs returned, gathered up the rest of our things, loaded my girls into the car, and headed home. It was getting late, everyone was tired, and I was watching the clock because bedtime was calling our names. I didn’t get very far before I ended up behind you. You took up about 90% of the road, so I decided there really wasn’t much for me to do except sit back, enjoy the ride, and keep an eye on the clock. 😂 But as I looked in my rearview mirror, I realized there were 8+ vehicles behind you—and not one of us tried to pass. We all understood. You were working. You were getting home. And we were simply along for the ride. So, from one stranger to another, I hope you know that somewhere behind you was a whole line of people who were patient, gave you space, and appreciated what you were doing. I hope your yield is at an all-time high. 🌾 I hope your lunchbox is always filled with unlimited snacks. I hope your coffee is stronger than my 7-year-old’s willpower. ☕😂 And I hope you make it home safely every night. Thanks for reminding me that sometimes getting where we’re going means slowing down and letting someone else get where they need to go first. Stay safe, Farmer. 🚜🌾
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Sensible Speculation retweeted
It's getting to the point where trying to convince someone he or she should own bonds is like trying to convince someone to own energy in 2020
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Sensible Speculation retweeted
Godspeed Rick Santelli. Congratulations on a great career.
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Sensible Speculation retweeted
You can buy a dollar for 32 cents right now.
JUST IN: There is a 32% chance President Trump will “publicly insult Kevin Warsh” by September 30. Odds were 10% a week ago.
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A new dawn beckons for our Galam plant in Senegal 🌅🇸🇳 #Staytuned #newhorizons #gold #asm #dividendstocks #Senegal $DNG.TO
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Sensible Speculation retweeted
CCC spreads back at 1-year wides. Still below the 2022 wides, but slowly and surely creeping up. A few distressed issuer skewing this however.
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Sensible Speculation retweeted
Some interesting credit stats: > Hyperscalers are now ~20% of the entire 30-yr IG bond bucket > ~40% of all 30-yr IG deals this year came from hyperscalers > $AMZN and $META each make up more than 5% of long-end bonds individually
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Sensible Speculation retweeted
CCC spreads are at their widest levels since the Liberation Day selloff in April 2025. The rest of high yield? Fine.
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Sensible Speculation retweeted
At least fiber didn’t become obsolete every three years.
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Sensible Speculation retweeted
Alphabet highlights how much the hyperscaler landscape has changed. These companies used to be cash-producing machines. Now, Google's parent company just posted its first negative free cashflow quarter since at least 2016.
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Sensible Speculation retweeted
Dynacor has processed first ore in Senegal 🇸🇳 🗞️Press release: globenewswire.com/news-relea… #projectmilestone #firstore #teamwork #gold $DNG.TO
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Dynacor Board of Directors Elects Réjean Gourde as Chair ✔️Gourde has extensive public company board expertise and +40 years in management of mid-tier gold miners ✔️His appointment and newly formed Board position Dynacor for growth execution globenewswire.com/news-relea… $DNG.TO
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Sensible Speculation retweeted
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Sensible Speculation retweeted
BUY JALEN BRUNSON INC, SELL SPACE X  This week, I witnessed two of the most remarkable events in my lifetime: Jalen Brunson and the NY Knicks winning their 3rd title, and the SpaceX IPO. Enjoy New Pigs At The Trough url.avanan.click/v2/r01/___h…
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