News & Views

News & Views

Runaway Train (Dec 2017)

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.

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The Weight of the Wait (Jun 2017)

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.

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Time in a Bottle (Apr 2017)

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 (Jul 2016)

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! (May 2016)

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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At What Cost? (Sep 2021)

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.

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The Nine Most Terrifying Words in the English Language - Part 2 (Apr 2021)

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.

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The Nine Most Terrifying Words in the English Language (Jan 2021)

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.

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Fed Bug (Aug 2020)

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.

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Kopernik Perspective: Mining (Sep 2020)

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.

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Kopernik Perspective: Uranium (Aug 2020 Update)

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.

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Bloor Street Capital Nuclear & Uranium Conference - Featuring Alissa Corcoran - March 3, 2023

Deputy CIO Alissa Corcoran spoke at the Bloor Street Capital Nuclear & Uranium Conference, where she discussed opportunities in global markets and how Kopernik approaches investing in uranium. Watch Alissa’s full interview here, beginning at 1:19:07.

 

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Kopernik in Conversation with Value Investor Insight - February 28, 2023

Today's market environment is leading to extreme discounts in select assets, presenting an increasingly interesting set of opportunities. Kopernik CIO Dave Iben and Deputy CIO Alissa Corcoran recently sat down with Value Investor Insight to discuss where these opportunities are and how Kopernik’s philosophy and investment process are poised to capitalize on them. Dave and Alissa explore several themes including:

1. The importance of scarce, necessary assets in the commodities space
2. Specific opportunities in emerging markets, agriculture, and gold miners

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Welling on Wall St. Profiles Kopernik: Provocative, Patient, Contrary - February 24, 2023

CIO Dave Iben and Deputy CIO Alissa Corcoran sat down with editor Kathryn M. Welling of Welling on Wall Street for a profile on Kopernik. Read the full interview for more insight into the investment opportunities we’re finding in emerging markets and why we continue to enjoy being contrarian, patient investors.

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BNN Bloomberg TV - Featuring Alissa Corcoran - February 7, 2023

Kopernik Deputy CIO Alissa Corcoran appeared on BNN Bloomberg TV to discuss the advantages of investing in gold, how she’s evaluating unique value investment opportunities, and the impact of Newmont’s bid for Newcrest. You can watch Alissa’s interview here.

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In it to Win it Podcast - Featuring Alissa Corcoran - February 16, 2023

Deputy CIO Alissa Corcoran sat down with Steve Barton, host of the In It to Win It podcast, to discuss value investing, inflation, emerging markets abroad and analyze the trends in commodities such as gold, platinum and uranium. Listen to Alissa’s full interview here.

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Bloomberg TV - Featuring Alissa Corcoran - January 11, 2023

Kopernik Deputy CIO Alissa Corcoran appeared on Bloomberg TV to discuss commodities—specifically the supply of real assets like copper, the advantages of investing in gold, and the favorable gains Kopernik has seen in the energy sector. Alissa’s full interview with Bloomberg can be found here starting at 26:33.

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