June 19, 2010

This Changes Things…


On thursday, I sat and watched the congressional grilling of BP (BP: NYSE) CEO Tony Hayward. Is anyone else embarrassed for everyone involved? I’ll admit that I know nothing about sub-sea cement bonding or fluid dynamics, but at least I don’t go on TV and pretend that I do. Did all dozen congressmen read the same cliff notes on the way into the hearing? ... Read More
Categories: Comments On Events
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June 17, 2010

What Did I Miss?


It’s great to finally be home. After more than a month on the road, it’s time to get back and do some laundry. Travel is great. It lets you see so many things. You can take your mind off the details and get some deep thinking done. The downside is that you can get horribly behind on world events. While you can get the ... Read More
Categories: Comments On Events
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June 8, 2010

Worried About Wiluna


Mining is a very difficult business. As an investor, it is even tougher. Most mining companies trade at roughly fair value. Even the cheap ones are rarely cheap enough to interest me. The thing about mining is that when something goes wrong, you can lose everything. To compensate for this risk, I only want mining plays with five-fold upside or better based on current ... Read More
Categories: Investments
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June 6, 2010

Got Gold?


  Got Gold? I’m in Invercargill, the southern tip of South Island, New Zealand. I have one week to go before finally heading home. I want to see as much as I can. I’m supposed to be escaping the next data point. However, I cannot escape the fact that there’s a tempest brewing and it’s about to make landfall. The Euro is imploding. Despite protests ... Read More
Categories: Investments
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May 28, 2010

Volatility!!!


I’m writing to you from a plane somewhere over the Nullarbor in Western Australia. The original plan was to meander our way from Sydney to Adelaide, then north to Uluru (Ayers Rock) with stops along the way at points of interest. Then we were going to back track southwards and finally cut west through the emptiness of the Outback to my meetings in Perth. ... Read More
Categories: General
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