copper is the new oil
OWTW
CapEx Team

COPPER IS THE NEW OIL – OWTW

🛢️ DATA COPPER IS THE NEW OIL It turns out copper, not data, is the new oil: This prompted us to dust off an old Insider Weekly issue from March 2020, where we highlighted the asymmetry that copper — and a host of other resource markets — offered at the time. Energy, copper, broad commodities, industrial metals and agriculture – all these sectors have been locked in vicious bear markets over the last 5 years or so. These sectors are the most under

Read More »
OWTW
CapEx Team

The ESG Joke – OWTW

How come the iShares ESG USA Index (ESGU) has a 2.5% weighting to oil and gas stocks? And how come that weighting is more or less the same as the S&P 500? It’s almost as if we’re being played. While this might get us termed “climate deniers” or whatever the label du jour is, the ESG thing is complete, total, unashamed bollocks… and this includes ESG ETFs. They are designed to separate brainwashed fools from their money, while providing their ill

Read More »
Dogecoin Rockets
OWTW
CapEx Team

Cryptomania – OWTW

  CRYPTOMANIA We highlighted the curious case of Dogecoin last week. Just $1,000 into what started as a joke cryptocurrency at the start of the year would now be enough to buy a Tesla. Have you ever seen a chart like this before which ended well? We haven’t. As Chris put it in his last note to Insider members: Folks, this is a mania. Like all manias before it this one has been spurred on by enthusiastic promoters. I get it. Heck, I’m

Read More »
OWTW
CapEx Team

Bizarro World – OWTW

🥊 SPACS ARE GETTING SPANKED It was just a few weeks ago when SPACs were all the rage and we saw headlines like these: What a wonderful contrarian indicator that was. Whenever you see the media crowning the next Warren Buffett, we are probably either close to the top or the top is already in. In the case of SPACs, it took just a few short weeks for the whole thing to come unglued. And the “next Buffett”? “All six

Read More »
Petroleum was most used energy source in 2020
OWTW
CapEx Team

Going Green? Not So Fast! – OWTW

♻️  GOING GREEN? NOT SO FAST! People with experience in politics and none in business tell us oil and gas and coal are energy sources of the yesteryear and we’re instead “going green.“ Not to be a wet blanket, but here’s where our energy currently comes from: We’re being told those tiny slivers of yellow and blue will power everything by 2030. Hmm… 🌎 DECARBONIZATION: THAT DOG WON’T HUNT Then there’s another “tiny” obstacle standing in the way of the world

Read More »

Risk, Loss, And The Butcher Of Prague

In this line of work I have been fortunate to meet some of the most interesting and intelligent folks to walk this planet. One such gent I’ve more recently had the pleasure of speaking with on a regular basis is the extraordinarily eloquent mind of Tim Price of Price Value Partners. Some time ago Tim wrote this piece I’d like to share with you. It is as extraordinarily timely right here, right now. This is not some game. You get

Read More »