Some thoughts and links

1. Burry showed you how to protect yourself from inflation by shorting long term bond(link) 
• long
• Direxion Daily 20+ Year Treasury Bear 3X Shares
• ProShares UltraShort 20+ Year Treasury
• ProShares UltraPro Short 20+ Year Treasury
• short
• iShares 20+ Year Treasury Bond ETF
2. U.S. stock return in the future might be low or even negative! (link)
3. Very interested in Baillie Gifford funds 
• Scottish Mortgage Investment Trust Plc
• 22.1 % in unlisted companies
• 42.8 % for top 10 holdings
• The Monks Investment Trust PLC
• 2.1% + 3.7% in unlisted equities.
• unlisted companies are Epic game, ByteDance, Stripe, SpaceX, Ant
• The Schiehallion Fund invested in later stage private businesses
• 20.8% for top 10 holdings
• Baillie Gifford China Growth Trust plc
• change to Baillie Gifford on July 2020 
• "ByteDance" is one of it's top 10 holdings! The only unlisted equity(4.3%) 
• 43% for top 10 holdings
• AUM is small.
• 4% premium
• Baillie Gifford US Growth Trust plc: capital growth by investing US equities.
• "Stripe" is one of it's top 10 holdings. (2.7%). Total 16.2% in private assets.
• 37.7% for top 10 holdings
• 3.7% premium
• Edinburgh Worldwide Investment Trust plc
• invest globally when market cap < 5B 
• 7% in unlisted equities
• 31.2% in top 10
• The Baillie Gifford Japan Trust PLC:
• capital growth by investing small/med Japan securities.
• 30.1% for top 10
• But why is "softbank" the largest holding?? It belongs to "speculation" strategy.
• Baillie Gifford Shin Nippon
• 26% for top 10
4. VEF CEO interview (link)
• CEO is skin in the game
• actively seek concentration in portfolio construction
5. Lots of deep value stocks in Japan (link)
• Question is what well be the catalyst to release value?
• How to get profit from them?
6. 科技趨勢 from Adobe產品長 (link)