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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Kopernik Perspective: Gold (July 2020 Update)

In this update of our 2015 white paper, analyst and Director of Research Alissa Corcoran, CFA discusses Kopernik’s view on gold, its unique history, and the global opportunities Kopernik is finding in the industry.

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The Subtle Art...

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discusses the opportunities that volatility can offer and why Kopernik focuses on long-term performance. Mark uses the popular 2016 self-help book by Mark Manson to offer interesting insights and applicability in the investment world.

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Kopernik Perspective: Uranium

Stephen Rosenthal, CFA, Kopernik Analyst, discusses Kopernik's view on Uranium.

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These Go To Eleven

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discusses the current macro investing environment in Japan, the EU and the US, by drawing parallels to the classic movie quote "These go to eleven" and how that helps Kopernik and the opportunity set we could provide over time

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Willful Blindness

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discusses the biggest threats and dangers that investors don't see, not because they're secret or invisible, but because we are willfully blind. Topics include: the U.S. Stock Market, Non-GAAP Earnings, The Buyback Boom, Growth vs Value, Volatility, Emerging Markets, and Russia

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Kopernik Perspective: Currency

Alissa Corcoran, CFA, Kopernik Analyst, discusses Kopernik's view on currency risk and why the Firm doesn't hedge foreign currency exposure.

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Forbes Article Featuring David Iben - This Stock Could Very Easily Triple Or Even Quadruple

Kopernik's Founder, CIO and Portfolio Manager, David Iben, discusses why Kopernik likes certain gold, uranium and phone companies in this current, especially inefficient market.

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Welling on Wall St. - Listening In: Dave Iben's Kopernik Thrives Where Others Fear To Tread

Kathryn Welling and David Iben discuss his recent endeavors and why Dave believes this is a great market for value investing.

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Forbes Article Featuring David Iben - This Stock Has 200% Upside

Kopernik's Founder and Portfolio Manager, David Iben, discusses why the current environment is ideally suited for active managers who are willing to think independently and invest in unpopular regions and sectors.

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Value Investor Insight Features David Iben

Value Investor Insight features Kopernik’s Founder and Portfolio Manager, David Iben in “Against the Grain.” In the article, David Iben discusses the investment philosophy at Kopernik Global, why today’s market is reminiscent of 1972 and 1999, risk versus reward in Russia and China, and single-industry valuations on a global basis

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Pensions & Investments: Location, location, location doesn't apply to small firms

P&I's article discusses a changing foreign institutional investor landscape that has decreased the notion that U.S.-based money managers should establish a physical overseas location and notes Kopernik's relationship with its London-based partner Heptagon Fund PLC.

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