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January 18, 2022
Published by Kuppy at January 18, 2022
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I’ve been pretty clear on why oil is going higher. If you want a refresher, click here. I’ve also been clear that when oil overshoots, it’s going to create the next Lehman moment. Oil is the wrecking ball that will crush every CUSIP, because the Fed will eventually panic. Look at bonds. They’re getting smashed along with equities today. This will blow up the Read More
Categories: Investment Strategy
Positions Mentioned: Oil
January 17, 2022
Over a decade ago, what started as a semi-regular email to friends, morphed onto this site, mainly due to the difficulties of sending travel pictures through email attachments. With that in mind, I’m going to share some pics from my recent trip to the Azores. Sorry, no stock picks, but that’s fine because the Azores are absolutely incredible… Quick history lesson to start. While Read More
Categories: Travels
Positions Mentioned:
December 31, 2021
Published by Kuppy at December 31, 2021
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A surprising number of investors seem to have blogs these days. Once a year, we circle back and see who got it right. Besides, what’s the point of doing this publicly if we’re not keeping score? (Prior position reviews 2020, 2019, 2018) Let me start by saying that 2021 was a monster year for me, coming on the back of an equally massive 2020. Read More
Categories: Investments
Positions Mentioned:
December 27, 2021
Published by Kuppy at December 27, 2021
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Over the past few years, I’ve been highly critical of the Ponzi Sector. This is a whole grouping of companies that has no ability or desire to ever become profitable. Instead, these businesses have focused on rapid revenue growth because the stock market has rewarded them for this growth—especially if there are no profits. In reality, stock promotion is the core business of the Read More
Categories: Comments On Events
Positions Mentioned:
December 23, 2021
On Monday, I woke up, saw the SPZ futures down 60 handles, sorta shrugged my shoulders and tied up my boot laces. I checked some news and headed off into the caldera of a volcano for a hike. A few hours later, I rounded a turn, and my cellphone went positively bat-shit as a few-dozen delayed texts came live—something about a market collapse. On Read More
Categories: General
Positions Mentioned:
December 19, 2021
Published by Kuppy at December 19, 2021
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On December 10th, I posted Part 1 of this thread. It’s a good primer on why I’m so bullish on the transition from print to digital at newspapers. I recently spoke with my buddy Andrew Walker from Yet Another Value Blog (strongly recommend that you subscribe as it’s one of the best blogs out there) about my position in Lee Enterprises (LEE – USA). Read More
Categories: Investments
Positions Mentioned: LEE
December 10, 2021
Published by Kuppy at December 10, 2021
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I’ve never thought of participating in shareholder activism. I mean, if you don’t like how a business is going, why invest in it? I’m too busy with life to go out there picking fights. Besides, a surprising amount of activism seems to end in disappointment—particularly as the company uses your capital to fight against you. Therefore, I found it somewhat surreal that for the Read More
Categories: Investments
Positions Mentioned: LEE
November 23, 2021
Published by Kuppy at November 23, 2021
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A few weeks back, I had dinner with a close friend. Naturally, our conversation turned to the markets. Friend: Kuppy, you need to be careful with those 2025 oil calls. If oil spikes to $200 in 2023, it’s going to take the global economy down with it. You could end up timing it wrong by going out that far in duration. Me: Haha. You’re Read More
Categories: Investments
Positions Mentioned: Oil Futures
The Great Rotation…