Using the aforementioned song as an analogy for the current investment market, we discuss the how the markets look like a runaway train, the perils that presents for investors, but more importantly, the potential safety and money-making opportunities available to those who are willing to jump off the momentum express train.
We revisit the active/passive debate, the current obsession with measurement, the concept of weight, and the misguided measurement of risk. These phenomena present attractive opportunities to thoughtful, patient, long-term investors.
We discuss the essence of time and how do we account it in an era where the world’s central banks have suppressed the most important variable used to discount the time value of money. Since these developments have effectively rendered conventional valuation models useless we delve into how Kopernik tries mitigate it by, among other things, using Charlie Munger’s approach of turning the models upside down.
Taking cues from the 1977 Iggy Pop song bearing the same name, we discuss the distinctions between active/passive investing and why we at Kopernik prefer to be the driver, not the passenger.
Drawing similarities to the famous quote by Vince Lombardi, we discuss the currently inflated perception of the importance of ‘when’, the current opportunity to ‘win’, the prevalence of people playing not to lose, some thoughts on how the game is currently being played, and how this has left stocks so undervalued that returns are likely to be lucrative even if it takes a little time to materialize.
In his latest commentary, Kopernik analyst and co-portfolio manager for the International Strategy Mark McKinney uses Thomas Sowell’s classic question “At what cost?” to articulate potential unintended consequences of finding solutions to current economic challenges.
As a follow up to his last commentary, Kopernik Analyst and Co-portfolio manager for the International Strategy Mark McKinney furthers the discussion that “help” from the government will create more economic harm than benefit, specifically as it relates to inflation.
In his latest commentary, Kopernik Analyst and Co-portfolio manager for the International Strategy Mark McKinney describes how the “help” from economic policymakers and government officials has historically and will continue in the future to create more harm than benefit economically and societally.
In his latest commentary, Analyst and Portfolio Manager Mark McKinney discusses the rise of a new group of believers in the omnipotent power of the government and central banks, affectionately nicknamed “Fed Bugs,” who believe that printing more money will solve society’s problems. He argues that these Fed Bugs are missing the point: economic logic always wins in the long run.
In this white paper, Kopernik’s Investment Research team analyzes the potential risks and upsides of investing in the mining space and describes how Kopernik values mining companies.
In this update of our 2017 white paper, analyst Steve Rosenthal discusses Kopernik’s perspective on uranium, its unique properties, and the global opportunities Kopernik is currently seeing in the industry.
Founder and CIO Dave Iben appeared on the Wealthion investing series to speak about the current inflationary concerns and how inflation impacts assets differently. Tune in to uncover his perspectives on gold, uranium, and lithium, and gain valuable insights into the risks and opportunities in mining stocks.
Kopernik Analyst Taylor McKenna joined Benzinga’s Virtual Gold Conference last week to discuss opportunities in the sector and the gold miners Kopernik maintains strong conviction in. We remain especially bullish on junior miners, like Seabridge Gold and Equinox Gold.
Watch the replay of the conference here to check out Taylor’s thoughts, beginning at the 20-minute mark.
Kopernik’s President Neda Yarich was profiled in a story by the Tampa Bay Business Journal. She discussed our firm’s 10-year milestone, her professional trajectory, and why proper ESG integration requires a certain amount of critical thinking.
Read the full story here.
Kopernik Deputy CIO Alissa Corcoran appeared on Bloomberg TV to discuss why the current environment doesn’t deter Kopernik from capitalizing on the attractive opportunities present in commodity investing.
You can watch Alissa’s interview here.
