News & Views

News & Views

David (Dave) Iben CFA

David Iben is the Lead Portfolio Manager of the Kopernik Global All-Cap and Global Unconstrained strategies, and the Co-Portfolio Manager of the Kopernik International and Global Long-Term Opportunities strategies. He is the Chief Investment Officer, Managing Member, Founder, and Chairman of the Board of Governors of Kopernik Global Investors.

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Don't Cry For Me Argentina (Feb 2024)

In his latest commentary, CIO Dave Iben builds upon the previously released commentary Money, using Argentina's economic history and drawing from our recent experience in Latin America as an analogue to spark a discussion on unlocking investment opportunities amidst the rising inflationary environment. We encourage investors to engage in comparison shopping, own stores of value, and consider option-laden investments. Opportunities abound, and discerning investors can capitalize on marketplace dislocations. Discover why active management is crucial amidst rising inflation concerns and gain insights into identifying resilient investments.

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Money (Dec 2023)

In his latest commentary, CIO Dave Iben delves into the essence of money: what it is, and why it matters. Exploring the seismic shift of monetary debasement, he highlights the yet-unfelt repercussions across the economy. Analyzing historical patterns of substantial government debt and deficit spending reveals sustained inflationary pressures on the horizon. While inflation may hinder some investments, astute investors seeking potential asymmetric returns are primed to excel in this landscape. As we step into 2024, Kopernik sees abundant market opportunities.

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Jacoby Transfers (Jul 2023)

In his latest commentary, Jacoby Transfers, Kopernik CIO Dave Iben draws on the wisdom of the stoic philosophers to discuss the importance of looking at things from different vantage points and how Kopernik’s research process is an example of Charlie Munger’s reminder to “Invert—always invert.”

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Proud Mary (Mar 2023)

For his latest commentary, our CIO Dave Iben looks at the Fed's implicit loosening of monetary policy as a result of the liquidity provided in the wake of the failure of Silicon Valley Bank and Signature Bank. He once again takes readers on a journey down the migratory flow of the Cantillon River in search of scarce, necessary assets that hold their value in inflationary times. Describing how the market’s approach to valuing hard assets is misguided, Dave lays out how the value of those assets increases with time and describes Kopernik’s approach to valuing these scarce, necessary resources.

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It’s Like Déjà Vu All Over Again (Jan 2018)

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discusses the valuation changes of the worlds stock markets, the current tech stock heavy environment, and a look at Blockchain mania.

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I Don't Get It (Aug 2017)

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager, discusses central banking, quantitative easing, debt yields, ETF manias & cryptocurrencies and the effect they have on the current investing environment.

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Kopernik Perspective: Russia - It's not me, it's you (Apr 2015)

Stephen Rosenthal, CFA, Kopernik Analyst, and Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discuss Kopernik's approach to assessing the risk and opportunity of investing in Russian equities.

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I Did Nothing (And It Was Everything I Thought It Would Be) (Aug 2016)

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager, discusses the importance of "Why" we do what we do, our commitment in being disciplined in value investing and why that offers the best long term opportunity in a portfolio.

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Inconceivable (Oct 2014)

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discusses our investment philosophy and process in more detail, with some specific examples, and how our approach leads to low correlation versus the benchmark and competition in the Global Value space.

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CFA Society of Dallas-Fort Worth | Charterholder Chatter interview with Dave Iben - November 3, 2022

Kopernik CIO Dave Iben recently sat down with Paul Olschwanger of Wendell Rhoads Consulting for an episode of Charterholder Chatter, sponsored by the CFA Society of Dallas-Fort Worth. Dave spoke to Paul about the progression of his investment career, what’s to come for the future of value investing, and why to Kopernik, volatility is opportunity.

You can listen to Dave’s full discussion on the CFA Society Dallas/Fort Worth Charterholder Chatter website or by clicking play in the player below.

 

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BBN Bloomberg TV - Featuring Alissa Corcoran - November 3, 2022

Kopernik Deputy CIO Alissa Corcoran spoke with BNN Bloomberg TV about recent market trends, rising interest rates, value investing, and emerging markets. Watch Alissa’s full interview here.

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Bloomberg Markets: The Close - featuring Alissa Corcoran - September 16, 2022

Our Deputy CIO Alissa Corcoran spoke to Bloomberg TV about global commodities, taking advantage of volatility, and the benefits of value investing. Watch Alissa’s interview here, beginning at 23:50.

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The Wall Street Transcript Interview with Dave Iben: Find Better Bargains by Investing Outside the U.S.

Our CIO Dave Iben was recently interviewed by The Wall Street Transcript, where he discussed Kopernik’s investment philosophy and why companies in emerging markets are compelling for investors looking to construct a more diversified portfolio. Read the full interview here.

 

 

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Kopernik Global Investors Call: Investment Implications – Russia/Ukraine Conflict

Update on Russia/Ukraine Exposures (as of August 2, 2022)

Thoughts on the Ukrainian Situation (as of February 24, 2022)

David Iben, CIO & Lead Portfolio Manager and Alissa Corcoran, Deputy CIO & Director of Research discuss the investment implications of the Russia/Ukraine conflict. 

Presentation: Investment Implications – Russia/Ukraine Conflict Presentation

Video Replay: Kopernik Global Investors | Investment Implications - Russia/Ukraine Conflict (Vimeo)

Transcript: Edited Transcript of Investment Implications - Russia/Ukraine Conflict

Note, the discussion took place on Friday, February 25, 2022 at 11 am ET. We continue to monitor developments related to the Russia/Ukraine Conflict.

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Institutional Investor Interview with Dave Iben: Opportunities in Eastern Europe - July 1, 2022

Recently, Kopernik CIO Dave Iben spoke with Institutional Investor for a deep dive on the importance of investing in emerging markets—including Ukraine and Russia—and discussed where exactly to find opportunities in Eastern Europe. Read Dave’s full interview here.

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