David B. Iben, CFA, uses the classic tale, the Wizard of Oz by L. Frank Baum, as a parody of the world’s central banks, elected representatives, Neo Keynesian academics and the rest of the central planners and why we at Kopernik plan to forsake easy gimmicks and follow the yellow “BRIC” road.
My Fair Lady, (MFL) has been reprised many times over the decades. It started as Pygmalion in London, later coming across the Pond as MFL, and as many versions continued to be cast on various stages throughout the world, it was adapted for film and became a popular, award-winning movie. Therefore, it seems in the spirit of things to reprise my Commentary from four months ago.
In his latest commentary, Kopernik analyst and co-portfolio manager for the International Strategy, Mark McKinney analyzes and compares how the current developed world’s characteristics such as inflation, excessive deficits, censorship and politicized economic decision-making are looking more like emerging markets. This begs rethinking the prevailing rules and risks applied in the valuations of both. Is the valuation premium awarded to developed markets for so long still warranted? Or do emerging markets with sizable discounts offer better investment opportunities due to the misunderstood risks?
In this whitepaper on ESG, Kopernik’s investment research team provides an update to our March 2021 webinar on the same topic. In summary, ESG is important, complex, and nuanced. This whitepaper will give an update on how we think about the current ESG environment, provide examples of the types of ESG risks we are evaluating, and explain how we integrate ESG risk into our valuation process.
In this whitepaper, Kopernik’s investment research team builds on our April 2022 webinar about geopolitical risk, breaking down our process and examples of both successes and losses in emerging markets. Evaluating geopolitical risk has always been a key factor in our global investment process. As global crises have made our role as investment manager more crucial than ever, our mission of being independent thought leaders could not be more pertinent.
In his latest commentary, Kopernik analyst and co-portfolio manager for the International Strategy, Mark McKinney, compares today’s U.S. market to the tech bubble of the late 1990s and 2000s. He also gives examples of the many “mini bubbles” that have already burst under the surface of the bigger names in the index. Lastly, there are some thoughts on the US Dollar, inflation, and gold.
In his latest commentary, Kopernik analyst and co-portfolio manager for the International Strategy, Mark McKinney, compares the actions of the U.S. Federal Reserve and the resultant inflation and choppy investment environment to the dangerous aspirations of villains in Hollywood spy films and how Kopernik is actively managing our investments through “the greater suffering.”
In his latest commentary, “Lord make me green…but not yet”, Kopernik Analyst Steve Rosenthal discusses a range of factors that handicap “net-zero” emission pledges around the world. While this ambitious goal will hopefully materialize, there resides a paradox in achieving it at the rate and extent we want/need.
Kopernik CIO, David Iben, was featured in MarketWatch today discussing how value stocks are offering "opportunities of a generation" and why he thinks investors who believe value is gone for good will be proven wrong.
David Iben, Kopernik’s CIO, appeared on TD Ameritrade Network to discuss current investment opportunities.
March 09, 2020
Dave Iben recently sat down with Kate Welling at Welling on Wall Street to discuss finding values in the market’s most reviled sectors and why active management is more important than ever.
The inaugural edition of Value Invest New York took place at the Metropolitan Club on December 4 2018. It featured renowned Value Investors from the United States, including David Iben, Kopernik's CIO, as well as being a showcase for other Value Funds to talk about investment ideas from around the world.
Kopernik's CIO David Iben was recently interviewed by The Wall Street Transcript.
Kopernik's CIO David Iben recently spoke at a Barron's conference. In this interview, he discusses "three investments that look cheap in a fairly full-priced market."
