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 (February 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 (December 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 (July 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 (March 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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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 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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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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The Clockwork CIO Podcast | CIO Dave Iben on Inspirations, Leadership & Risk | February 22, 2024

Kopernik CIO Dave Iben joined The Clockwork CIO podcast to discuss his leadership style, his thoughts on risk, and the mentors who shaped his success in the investment industry.

Dave's full interview can be found on Spotify or Apple Podcasts.

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Benzinga Webinar | Analyst Taylor McKenna on Opportunities in the Mining Sector | February 15, 2024

Kopernik Analyst Taylor McKenna was invited as a panelist on Benzinga's recent webinar, "Mining Unearthed: Navigating the Ore of Innovation," to highlight attractive opportunities in the mining sector, focusing on miners where Kopernik maintains strong conviction. While gold prices are at all-time highs, the miners are trading at substantial discounts, presenting a chance to acquire optionality on sale.

Watch Taylor’s interview here, along with the complete panel discussion here

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Bloomberg Markets | Deputy CIO Alissa Corcoran on Top Investment Ideas for 2024 | December 4, 2023

Kopernik Deputy CIO Alissa Corcoran appeared on Bloomberg TV to discuss the firm’s top investment ideas for 2024 and her outlook for value investing overall.

Alissa’s full interview can be found here starting at 52:00.

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Wealthion | CIO Dave Iben on Inflation and Opportunities in Mining Stocks

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.

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Super Terrific Happy Hour with Stephanie Pomboy and Grant Williams | CIO Dave Iben on Investment Opportunities in Inflation | October 8, 2023

Founder and CIO Dave Iben appeared on The Super Terrific Happy Hour Podcast to discuss how the bifurcated market presents opportunities in real assets in an inflationary environment. Listen to the podcast or view the transcript.

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MarketWatch | Analyst Taylor McKenna on Silver's Investment Appeal | September 13, 2023

Kopernik’s Taylor McKenna spoke with MarketWatch about silver and gold’s performance and the opportunities the firm is finding with mining companies. Read the full story here

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