When Woke Trumps Economics – OWTW

As the old adage goes, the cure for high prices is high prices. In other words, big increases in the price of a commodity are typically greeted with fresh capital pouring into that sector, increasing supply. And yet, this time it is indeed different (for the time being, anyway). Case

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Beware of Gisele’s Bottom! – OWTW

  NEW PODCAST WITH CHRIS MACINTOSH Chris joined Ladislas Maurice from the Wandering Investor on his podcast recently. Here’s a few topics Chris and Ladislas discuss: Listen to the entire conversation here.   BEWARE OF GISELE’S BOTTOM Yes, we’re 100% serious. Keep an eye on Gisele Bündchen or else she could lead you

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Time to Shine! (OWTW)

Long-time readers will know we’ve spilled a fair bit of digital ink on things like oil, coal, heck… even Bitcoin. But there’s one asset we have been suspiciously mum on so far. Gold. We did a deep dive on the “barbaric metal” in a recent Insider Newsletter issue and figured we’d also

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When dominoes begin to fall – OWTW

  COLD HOT TURKEY Earlier this year, in the Insider Newsletter we highlighted a corner of the market that was left for dead by investors. Namely, Turkish stocks. As we said at the time, after a decade-long bear market, the Turkish stock market declined some 60% — even more dramatic when you consider the

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Pulse Check on Crypto – OWTW

The EU pointy shoes are throwing lavish banquets in the metaverse (yes, it’s just as bizarre as it sounds). So let’s use the opportunity to do a pulse check on the crypto market, shall we? It was a year ago, in a November 2021 issue of Insider Newsletter, when we called

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VC Poster Child: Coming Unglued – OWTW

Back in 2019, Chris wrote a lengthy article warning about the house of cards that is Masayoshi San’s Softbank. You can read Chris’ entire piece here, but here’s an excerpt: The entire “growth” story, which is to say companies that can continuously grow market share (preferably at a loss) looks to

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Truly Breathtaking – OWTW

Oh, boy! Crypto is (once again) moving with the volatility of the British pound. By now, you have probably heard of the wipeout of FTX and their founder Sam Bankman-Fried. In case the guy’s name wasn’t enough reason to give you pause (bankman fried?), Fortune tried to warn you back

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Predictable – OWTW

Long-term readers are by now familiar with our investing philosophy and “market bias.” We are long-term investors first and foremost. We shun what’s expensive and gravitate towards what’s cheap. In recent years, that meant backing up the truck on everything energy, particularly oil and gas and coal, and resisting the seductive siren

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