News & Views

News & Views

Time in a Bottle

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.

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The Passenger

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.

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“When”-ing isn’t Everything, It’s the Only Thing!

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.

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The Big Long

Using the Academy Award winning film, The Big Short, David B. Iben, CFA discusses the current valuation environment of early 2016 and why the world is scripting it’s sequel. Arguing that we are not in the beginning of a bear market but rather near the late stages of a deep, powerful, psychologically challenging bear market. Dave explains the potential upside of current depressed valuations and why we are waiting patiently for an inevitable return to rationality.

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It's Still Rock and Roll to Me

David B. Iben, CFA discusses cyclicality in the financial markets. Whether it be clothes, entertainment or currencies, human preferences are ever changing making this market have an extraordinary level of peril and opportunity. And why, in the current highly-correlated investment environment, Kopernik uses a rigorous, bottom-up research process to mitigate it. Here at Kopernik, it’s still rock and roll to us.

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

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

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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Bloomberg Radio - Dave Iben On The Markets - December 28, 2020

In this interview with Bloomberg Radio’s Daybreak Asia, Kopernik CIO Dave Iben discusses the extremely bifurcated market and opportunities that we’re finding in gold producers and emerging market telecom companies. Listen to the full interview here.

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One-On-One with Dave Iben - Bloor Street Capital - November 23, 2020

Kopernik CIO Dave Iben spoke with the team at Bloor Street Capital to provide a rundown of Kopernik’s investment philosophy and explain why 25% of our assets are currently invested in gold and silver equities. Watch the two part series to learn more about how Kopernik values investment opportunities in the mining space.

Part 1 - Gold and Silver

Part 2 - Copper and Uranium

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TD Ameritrade Network - Alissa Corcoran - December 4, 2020

Kopernik's Director of Research, Alissa Corcoran, joined Oliver Renick on TD Ameritrade Network to discuss opportunities in emerging markets, energy, and mining stocks. Watch here.

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TD Ameritrade Network - Alissa Corcoran On The Upside for Gold - September 1, 2020

Kopernik's Director of Research, Alissa Corcoran, joined Oliver Renick on TD Ameritrade Network to discuss the upside for gold mining stocks and how other commodities like uranium are trading well below their incentive price. Watch here.

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Bloomberg Radio - Alissa Corcoran On The Markets - September 7, 2020

Kopernik's Director of Research, Alissa Corcoran, joined Bloomberg Radio to discuss where she is finding buying opportunities in today's bifurcated market, including in commodities like uranium and gold. Listen to her full interview here.

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Value Investor Insight - featuring Dave Iben - July 31, 2020

Kopernik CIO Dave Iben recently spoke with Value Investor Insight for a feature piece on where he's finding value and why it's one of the best times ever to be an active investor. Read the full interview here to learn more about how he's identifying opportunities in high-quality companies in emerging markets as well as situations where cash flows are latent and reside in real assets.

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