August 13, 2010

The Trend Is Your Friend


I am always amazed at how value investors tend to fixate on backwards looking metrics and conclude that a business is undervalued. Investing in a business is all about the future. When I invest, I always want the wind at my back. I know that I sometimes make mistakes and I want to be sure that the macro backdrop will bail me out of ... Read More
Categories: General
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August 9, 2010

The Kuppy Plan (How To Fix Unemployment)


Dear President Obama, Back in March, I wrote to you with my Kuppy Plan for the housing market. After yet another dismal jobs number, I thought it was time for a Kuppy Plan for unemployment. Clearly our country is in a tough spot.  We compete in a world economy. Jobs gravitate to places which offer the lowest costs of doing business. There are places where ... Read More
Categories: Comments On Events
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August 6, 2010

Psychology Of A Turnaround


I am writing from somewhere over the US as I fly home from a very productive three week trip. I spent time canoeing with my dad, witnessed a close friend get married and visited a whole lot of companies along the way. Normally, when the last flight out of Toronto is three hours late, you can expect to miss your connecting flight. A better ... Read More
Categories: General
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August 1, 2010

Escape From Finance Thinking


I just spent a week canoeing with my father. When you share a canoe, you get to talk about all sorts of things. I always try to keep my father involved in my investment thinking. He’s a great resource because he has good business sense, yet has never been involved in the investment world. He once told me a great story about when he ... Read More
Categories: General
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July 18, 2010

Invicta


There are only two times when you can make large multiples on your money in mining (three if you want to roll the dice on exploration). The first of these is a situation where there was a failed production start-up and the company now trades for a good deal less than was spent to build it. The other time you can make large multiples on your ... Read More
Categories: Investments
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