Portfolio Manager, Wellington-Altus Private Counsel
4 dated public stances tracked since 2025-09-03, most recently 2025-09-03. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Ben Kizemchuk's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Ben Kizemchuk is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2025-09-03 | USTS | bearish | -1.9% | -3.2% | -0.1% |
| 2025-09-03 | Gold Miners | owns | +25.2% | +78.2% | +56.8% |
| 2025-09-03 | BITCOIN | bullish | -18.3% | -38.4% | -27.3% |
| 2025-09-03 | Big Tech | bullish | +9.2% | +6.9% | +26.5% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| BITCOIN | 1 | | 1 bullish | 2025-09-03 |
| Big Tech | 1 | | 1 bullish | 2025-09-03 |
| Gold Miners | 1 | | 1 bullish | 2025-09-03 |
| USTS | 1 | | 1 bearish | 2025-09-03 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-09-03
USTS
bearish
Forward Guidance · video
Financial repression keeps real rates suppressed while inflation anchors around 3.5%, making government bonds a structural loser in a fiat-dominant regime where the goal is to inflate away debt in nominal terms.
“I'm not a big fan of fixed income. I haven't held fixed income in the portfolios here since like 2021”
90d -1.9% · 180d -3.2% · 1y -0.1%
Why Everyone Keeps Misreading The New Macro Regime | Ben Kizemchuk
2025-09-03
Gold Miners
owns
Forward Guidance · video
Fixed supply of gold makes it a natural beneficiary of fiat debasement and financial repression; gold miners amplify equity participation in that move.
“I've been owning gold mining company in the stock portfolio for a very long time now. It's been a massive stellar performer”
90d +25.2% · 180d +78.2% · 1y +56.8%
Why Everyone Keeps Misreading The New Macro Regime | Ben Kizemchuk
2025-09-03
BITCOIN
bullish
Forward Guidance · video
Fixed-supply assets deserve allocation in a world where fiat money printing and financial repression structurally debase purchasing power over time.
“anything that has kind of a fixed supply in this world is something that's deserving of attention at least”
90d -18.3% · 180d -38.4% · 1y -27.3%
Why Everyone Keeps Misreading The New Macro Regime | Ben Kizemchuk
2025-09-03
Big Tech
bullish
Forward Guidance · video
Fiscal dominance channels capital into AI and technology infrastructure, and passive flows disproportionately accumulate in the largest tech names, making the NASDAQ 100 the clearest systematic expression of the current regime.
“obviously this huge technological boom. NASDAQ 100 for example being a really easy way to look at that”
90d +9.2% · 180d +6.9% · 1y +26.5%
Why Everyone Keeps Misreading The New Macro Regime | Ben Kizemchuk
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