Category: Kopernik Perspectives

As value investors, we frequently find ourselves investing in companies and industries that are out of favor with the mainstream investing crowd. It feels like we’re always sitting at the unpopular kids’ table in the high school cafeteria. While the “cool” kids in their letterman jackets (or the metaphorical equivalent in our industry: the finance…

IMPORTANT NOTICE: HISTORICAL COMMENTARY FROM JULY 2022 This Kopernik investment commentary was originally prepared and distributed in July 2022. This commentary is being shared for historical reference purposes only and has not been updated or revised to reflect current market conditions, economic developments, regulatory changes, or investment perspectives. Please refer below for additional relevant historical…

Environmental, Social, and Governance (ESG) investing has been around for many decades, yet over the past few years, growth in ESG investing has turned hyperbolic. Yet how to define ESG is difficult. Despite the efforts of many, there is no consistent framework or set of ESG standards – and nor should there be, in our…