March 8, 2022

The Most Annoying Risk…


People really like to complicate things. They worry about non-problems. They over-trade. They over-think. They ignore the obvious. This investing game is actually quite simple—buy unusually cheap companies with strong macro-tailwinds and then don’t sell until something changes. It’s really that easy. Unfortunately, I’m not the only one practicing this craft. While the stock market is populated by manic traders positioning for each data-point, Read More
Categories: Investments
Positions Mentioned: CNR
March 6, 2022

I Sure Bungled That One…


I like to take on highly contrarian positions at moments of peak angst. Throughout my career, my batting average has been unusually strong. Sometimes I get it wrong. In the case of my recent post on Russia, I got it spectacularly wrong. While my preference is to find stocks that are inflecting with minimal risk, I’m not adverse to catching the proverbial “falling knife.” Read More
Categories: Investments
Positions Mentioned: RSX
February 22, 2022

Buying Russia…


I’m going to keep this short because the situation is fluid. Besides, this one doesn’t need much research or even deep thought. It’s actually quite simple. Here are the facts; Biden tried to screw with Putin. Putin showed Biden that geopolitics is a game that only adults should play. Ball is now in Biden’s court after Putin snagged 2 provinces that absolutely no one Read More
Categories: Investments
Positions Mentioned: RSX
February 15, 2022

Impediments To US Oil Production Growth…


I recently interviewed my good buddy Josh Young, from Bison Interests, on a Twitter Spaces where we discussed all the unappreciated impediments to a resumption of US oil production growth. We cover a lot of topics and take a grand tour through all the various subsectors, components and suppliers needed to drill and produce a well. Despite spending a lot of time following oil, Read More
Categories: Comments On Events
Positions Mentioned:
February 8, 2022

My Fund Is Hiring…


Readers, Have you ever dreamed of living and working on a beautiful tropical island? Ever wanted to learn about investing from inside a top-performing Hedge Fund?? Want to come and join the adventure??? I’m looking to hire 2 junior analysts for roles based in Rincon, Puerto Rico. We aren’t looking for remote employees. If you enjoy putting in long hours researching stocks, and then Read More
Categories: General
Positions Mentioned: