MLDD Wealth / Canaccord Genuity — manager of a #1-ranked tactical balanced fund; running synthesis of his video/podcast appearances, with per-transcript breakdowns and a stock index.
Long-reserve-life energy 'halo' name — reserve-life index ~90, yet the sector prices it at 6–7× cash flow; '90 years' worth of action' for a low multiple.
Pro pick #1: district-scale Ontario gold (Moss project) backed by Brian Paes-Braga / SAF Group / Michael Hess with AngloGold Ashanti a 9.9% strategic holder — owns it, speculative takeout candidate; US-uplist + TSX-mainboard guided 2026.
'You never bet against Murray Edwards' — long-life, low-decline assets and an elite operator compounding barrels in the ground; the forget-about-it core energy holding.
'All in on copper' (the metal you can't print or substitute) — owns the miners ETF as the 'own the whole trade' safe leg, insulated from single-mine / jurisdiction risk.
The high-leverage copper 'lottery ticket' — a ~$280M Peru small-cap, 'all air' today but 'if it works it's going to work big'; a small allocation paid for with realized gains.
'The hedge fund of banks' and his favorite by far — once the smallest of the large with a too-Canadian knock, now prized for at-home execution under Laurent Ferreira; only the 16× forward price is the objection.
Pro pick #3 (most speculative): a 'Brian special' — Paes-Braga + Michael Hess $35–36M financing fully funds the high-grade Nevada North US lithium project to a construction decision, with a planned rename to Lithium X2 + NASDAQ uplist.
Pro pick #2: Canada's market-leading pressure pumper — an OFS proxy on the energy bull and a direct LNG-Canada derivative that becomes 'the price maker not the price taker' as completion demand ramps.
Cited as the validation behind Gold X2: the $47B major took a 9.9% strategic stake — 'they don't write checks for any kind of reason.' Context, not a pick.
Brian Paes-Braga's former company (he was CEO, monetized it) — context for the 'Brian special' track record: 'when Brian gets involved, magic has tended to happen.'
Owns it + defense ETFs; structurally rising spend and 10–20-yr backlogs survive a 60-day peace, 'but at what price' — rotational/fast money is leaving, so cautious.
Semis are 'the muscle' of the AI trade — owns the index (not picking a winner) but is trimming; warns the 2–4× levered SOXX derivatives are 'weapons of mass destruction.'
The IPO that 'didn't break the markets' — a wave of new issuance / liquidity that crushed its public proxies (Stack Capital) as money chose the real thing.
A SpaceX proxy ($8M stake → ~30% of book) that 'got crushed off NAV' once SpaceX listed and money chose the real thing; interesting to watch, not a buy.
'A classic value trap, the opposite of a halo' — a brand getting 'designed out by weekly injection' (GLP-1); a 7% yield / 10× / debt-loaded lure he's passing on.
In one line: not bearish but defensive — largest holding is ~20% cash ("optionality / bullets") in a 60/40 fund running a couple laps ahead of benchmark; an allocator who "picks the lane before the car," he played the AI trade through the physical backbone (power, copper, cooling, energy) rather than the chips, rode gold to a #1 fund last year and trimmed beta into the pullback, and pairs broad sector ETFs with small "lottery-ticket" resource names.
Cash is optionality. Largest position is ~20% cash in a 60/40 balanced fund — not a bear call, but "medium-grip tires" after a strong run; dry powder to swing at the next washout.
Own the skeleton of AI, not the muscle. Semis (SOXX) are the muscle and a "gambler's paradise" of levered derivatives; he prefers the power/copper/cooling/energy backbone (the "MLDD AI 2030" model portfolio) — heavy assets with low obsolescence ("the halo trade").
Energy: 5 years into a 15-year bull cycle. Decades of underinvestment + a supply-shock world; private equity is "kicking the tires" on Canadian energy. Plays it via producers (CNQ — "ride Murray Edwards"), oil-field services (Trican) and long-reserve-life names (Athabasca).
Copper, uranium, lithium = the durable AI metals. Owns the broad trade (COPX / HURA / LIT) and pairs it with high-leverage speculative single names backed by operators he trusts (the "Brian Paes-Braga specials").
Avoid the value traps. Software (Adobe) where AI is a "wrecking ball" and staples (Campbell) "designed out by weekly injection" (GLP-1) are not safety; healthcare/staples no longer bid even in a fear trade.
Transcripts
One dated page per appearance — each has its full stock table, talking points, and the saved transcript. Newest first.