News & Views

News & Views

The Renaissance and the Entropic Arrow of Time (May 2019)

The most recent commentary contrast the renaissance period to the contemporary era. A half-millennium ago, mankind's search for truth began to breakdown the stifling barriers to thought and liberty. In the contemporary world where truth and liberty have conceptually become easy, they are being sacrificed. While this is a gross generalization, excellent opportunities have been opened up for those willing to use common sense, dig for the truth, and act upon their conviction. At Kopernik, we continue conducting in-depth due diligence, thoughtfully appraising value, maintaining patience and self-control, and staying disciplined in our process.

More

Waiting for Sebastian (Oct 2018)

We discuss the current investment environment by drawing parallels to the Portuguese myth based on the belief that King Sebastian will return to save Portugal. This seemingly captures the way most people feel about value investing by sneering at unpopular, but value-laden, tangible assets. We believe that what others condescendingly snub as “cigar butts” may turn out to be, figuratively, valuable ‘Cubans’, wrapper intact.

More

Master and Servant (Jun 2018)

We discuss the dangers and opportunities created investors allow independent thought and judgment to be subordinated by the dominant theories of the day; to prescriptive economic theories; to formulaic investment models; and especially to price insensitive investment approaches. Why Kopernik prefers independent thought to dependency and judgement to data. We discuss why the future looks bright for active investing, for value investing, and for idiosyncratic investing.

More

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.

More

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.

More

Pages

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.

More

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.

More

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.

More

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.

More

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.

More

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.

More

Pages

Barron's Penta: Future Returns: Investing Beyond the S&P 500, featuring Kopernik CIO Dave Iben - March 30, 2021

Kopernik's CIO Dave Iben spoke with Barron's Penta for a column on why investors should consider opportunities outside the S&P 500, and why becoming an "international bargain hunter" is a great first step. Read the full story here.

More

Barrons Feature Story on Commodities with Kopernik CIO, David Iben - January 1, 2021

Kopernik Founder and CIO Dave Iben was included in a Barron's feature story, where he spoke with the publication about the buying opportunities he's currently finding in commodities like uranium, energy, and more. Read the full story here.

More

BNN Network - Commodities Primed for a Price Surge | Alissa Corcoran - February 4, 2021

Kopernik's Director of Research Alissa Corcoran went on BNN Bloomberg to discuss why commodities like uranium and gold have been underappreciated (partly due to momentum stocks), why the price of each will need to increase, and her key sector picks including Cameco and Centerra. Watch the full interview here.

More

Barron's "Top Income Investments of 2021" with Dave Iben - December 31, 2020

Kopernik Founder and CIO Dave Iben recently spoke with Barron's for the publication's "Top Income Investments of 2021" cover story, where he discussed where he's currently finding value opportunities overseas. Read the full story here.

More

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.

More

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

More

Pages