News & Views

News & Views

David (Dave) Iben CFA

David Iben is the Lead Portfolio Manager of the Kopernik Global All-Cap and Global Unconstrained strategies, and the Co-Portfolio Manager of the Kopernik International and Global Long-Term Opportunities strategies. He is the Chief Investment Officer, Managing Member, Founder, and Chairman of the Board of Governors of Kopernik Global Investors.

More

Don't Cry For Me Argentina (February 2024)

In his latest commentary, CIO Dave Iben builds upon the previously released commentary Money, using Argentina's economic history and drawing from our recent experience in Latin America as an analogue to spark a discussion on unlocking investment opportunities amidst the rising inflationary environment. We encourage investors to engage in comparison shopping, own stores of value, and consider option-laden investments. Opportunities abound, and discerning investors can capitalize on marketplace dislocations. Discover why active management is crucial amidst rising inflation concerns and gain insights into identifying resilient investments.

More

Money (December 2023)

In his latest commentary, CIO Dave Iben delves into the essence of money: what it is, and why it matters. Exploring the seismic shift of monetary debasement, he highlights the yet-unfelt repercussions across the economy. Analyzing historical patterns of substantial government debt and deficit spending reveals sustained inflationary pressures on the horizon. While inflation may hinder some investments, astute investors seeking potential asymmetric returns are primed to excel in this landscape. As we step into 2024, Kopernik sees abundant market opportunities.

More

Jacoby Transfers (July 2023)

In his latest commentary, Jacoby Transfers, Kopernik CIO Dave Iben draws on the wisdom of the stoic philosophers to discuss the importance of looking at things from different vantage points and how Kopernik’s research process is an example of Charlie Munger’s reminder to “Invert—always invert.”

More

Proud Mary (March 2023)

For his latest commentary, our CIO Dave Iben looks at the Fed's implicit loosening of monetary policy as a result of the liquidity provided in the wake of the failure of Silicon Valley Bank and Signature Bank. He once again takes readers on a journey down the migratory flow of the Cantillon River in search of scarce, necessary assets that hold their value in inflationary times. Describing how the market’s approach to valuing hard assets is misguided, Dave lays out how the value of those assets increases with time and describes Kopernik’s approach to valuing these scarce, necessary resources.

More

Pages

It’s Like Déjà Vu All Over Again (Jan 2018)

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discusses the valuation changes of the worlds stock markets, the current tech stock heavy environment, and a look at Blockchain mania.

More

I Don't Get It (Aug 2017)

Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager, discusses central banking, quantitative easing, debt yields, ETF manias & cryptocurrencies and the effect they have on the current investing environment.

More

Kopernik Perspective: Russia - It's not me, it's you (Apr 2015)

Stephen Rosenthal, CFA, Kopernik Analyst, and Mark McKinney, CFA, Kopernik Analyst and Portfolio Manager discuss Kopernik's approach to assessing the risk and opportunity of investing in Russian equities.

More

I Did Nothing (And It Was Everything I Thought It Would Be) (Aug 2016)

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.

More

Inconceivable (Oct 2014)

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.

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