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.
Drawing parallels to the 1959 American TV show, David B. Iben, CFA discusses the current financial markets and why we believe, much like 1999 and 2008, we have crossed into the “twilight zone”, why this appears to be the buying opportunity of a lifetime and how Kopernik is taking full advantage where many prefer to buy high and sell low.
David B. Iben, CFA discusses why we believe that valuation is the key determinant of risk (permanent loss of purchasing power) and why short-term price fluctuations are not risk, but are an annoying, often painful, creator of opportunity. While When Doves Cry reminds us of the Fed’s cooing over taking the risk out the marketplace, Prince’s apocalyptic anthem, 1999 will be used as a medium to lay out quite a bullish case for active management.
Following the story of a California couple who stumbled on a coffee can filled with treasure, David B. Iben, CFA discussed the idea that investors often obsess over the wrong type of “risks’ and why this error in judgement presents outsized money-making opportunities.
David B. Iben, CFA, uses the classic tale, the Wizard of Oz by L. Frank Baum, as a parody of the world’s central banks, elected representatives, Neo Keynesian academics and the rest of the central planners and why we at Kopernik plan to forsake easy gimmicks and follow the yellow “BRIC” road.
In this June 2020 white paper, analyst Taylor McKenna explores the similarities and differences between active and passive management strategies. He argues that passive management strategies, such as ETFs and closet indexers, cannot replicate a more active approach. Using the metaphor of a thoughtful baseball manager, Taylor suggests that active management adds value to an investment strategy.
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.
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.
Stephen Rosenthal, CFA, Kopernik Analyst, discusses Kopernik's view on Uranium.
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.
Alissa Corcoran, CFA, Kopernik Analyst, discusses Kopernik's view on currency risk and why the Firm doesn't hedge foreign currency exposure.
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.
September 10, 2020 - Director of Research/Analyst Alissa Corcoran interviews analysts Steve Rosenthal and Taylor McKenna about how Kopernik values mining companies. Although these companies may come with a lot of baggage, we believe the upside potential more than offsets the risk. We discussed how we assess the risk, the opportunities we are seeing today, and took time to answer live questions.
Please click here to watch the replay.
Kopernik CIO, David Iben, joins Stephanie Pomboy & Grant Williams to discuss the art of value investing, the challenges it faces in today's market environment and why it's a bad idea to write any obituaries for the strategy just yet. Tune in to this podcast to listen as Dave discusses the cycles he's witnessed over his career as he gets ready to enter his fifth decade in the business, the lessons he's learned and offers some thoughts on where value can be found off the beaten path as equity markets scream towards all-time highs.
Kopernik CIO, David Iben, recently discussed with Financial Advisor where Kopernik is finding attractive opportunities within the emerging markets.
Kopernik CIO, David Iben, was recently interviewed by Robert Hunter from Value Invest.
Kopernik CIO, David Iben, was recently interviewed by Robert Hunter from Value Invest.
