ByteTree

Our latest Venture update by Charlie Morris highlights an undervalued world-class UK company that specialises in high-end industrial technology. Over the past 30 years, it has rarely offered investors the opportunity to buy at these knockdown prices.

👉 Venture: UK Industrial

This Venture update highlights a European software company, which fell foul of the 2021 tech bubble. That’s now behind them, and recent results point towards this being an excellent company, which is now undervalued - our favourite combination.

👉 Venture: European Software

On 27th April 2022, a time when Bitcoin was in a bear market, and investors were losing interest in Gold, we took the opposite view and saw it as a good time to launch BOLD on the SIX Exchange in Zurich, Switzerland. Our Founder Charlie Morris (right) marked the occasion by ringing the cowbell when the market opened.

Since launching BOLD, two things have changed: Gold is beating the S&P500 by quite the margin, while Bitcoin has run ahead of the NASDAQ. Due to Bitcoin and Gold performing well, BOLD has naturally been a hugely successful investment strategy. But more importantly, is the resilience and outperformance the BOLD strategy has shown over simply holding Bitcoin and Gold on their own.

Following rebalancing on 30th April 2025, the new target weights for the BOLD Index are 28.1% Bitcoin and 71.9% Gold, a 2.4% increase for Bitcoin over the previous month. This is Bitcoin’s highest-ever target weight in the history of the BOLD Index.

👉 Three Years Since BOLD's IPO in Zurich

📈 Global Value vs Growth since 1974

Under normal circumstances, the passive investor does little or nothing, perhaps periodically rebalancing between bonds and equities. The low costs are appealing, but then there’s often an advisor who seems to offset much of that benefit. It all looks so easy, and it is, but the outcomes will differ widely, depending on the era you invest over.

Currently, passive investors are not passive at all; they are growth investors, and massively so. The tech bubble has popped, and the index party is over; probably for years. We are at one of those times in history when being a passive investor is a very bad idea.

There are alternatives to growth, and the primary one is value, which our clients know is something we excel at. In our latest update of The Multi-Asset Investor, Charlie explains why value investing is now a critical choice.

👉 The Passive Bubble

Our latest Venture update identifies a good company that is also insulated from tariffs.

👉 Venture: European Internet