OWTW
CapEx Team

Tech stocks: avoid the undertow – OWTW

Looking at the carnage in “growth” stocks, it feels like it was eons back when our friend Kuppy warned just a few weeks ago (on 25 April to be exact) about the undertow building up in the tech market: The tech sector has an undertow to it. It started slowly in 2021, but as more names get swept out to sea, the strength of the undertow only grows. One down quarter is a tragedy for a fund. Two in a row and

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Capitalist Viewpoints
CapEx Team

EUROPE, DRY SHIPPERS LOVE YOU

The EU formally adopted the fifth round of sanctions against Russia last week. In essence, it targets Russia’s coal sector. European companies will no longer be able to enter into new agreements to purchase coal from Russia, and any existing contracts will have to be terminated during early August. So Europe has four months to find alternative coal sources. In addition, fertilizers are also facing similar restrictions. For Europe to replace Russian coal, trade flows will need to change and

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Current Affairs/Politics
CapEx Team

DUBAI

As far as I can tell the Emirates are doing everything in their power to open this place up and make it more attractive. Two examples of many: Dubai Land Department makes all real estate data publicly available as it strengthens transparency – Arabian Business UAE Cabinet approves Executive Regulations of Federal Decree-Law on Entry and Residence of Foreigners I’d encourage you to read through both. Perhaps especially the second one. Now constrast this with what we’re seeing in many

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Energy
CapEx Team

I HATE BEING RIGHT

No, really. Especially about crappy things like this. But here we are and the pointy shoes in Berlin have a solution to their self-inflicted energy catastrophe. You wanna know what it is? Nationalize their energy assets. I know, I know… it’s what Venezuala did and it’s been tried and tested hundreds of times all around the world. Fear not though, all those other times they just didn’t do it the “right way”. Germany will… or so they profess. Berlin Federal Minister

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Capitalist Viewpoints
CapEx Team

The Road to Zero

Human beings — regardless of race, religion or culture — like to embrace any belief that is absolute. This is because absolute beliefs are simple, easy to comprehend, and false positives that offer us a false sense of security. If we come to believe that a particular idea, place, or group of people are either all good or all bad, then we humans fool ourselves into thinking that we have got a piece of a particular equation all figured out.

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OWTW
CapEx Team

Netflix: It’s a b**ch – OWTW

“It’s a b**ch.” That’s how Netflix CEO Reed Hastings reportedly commented on the turn of faith for one of the growth darlings. We imagine Bill Ackman had similar things to say. Thankfully, he quickly came to his senses and walked away — $400 million lighter, but he did manage to walk away. The way we see it, Netflix is but one of the grossly overvalued growth stocks that have succumbed to gravity in recent weeks. Not to pat ourselves on the back too much,

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ankara
Current Affairs/Politics
CapEx Team

THANK YOU, NATO

The reason to consider Turkey is because, as we move into a time of increased uncertainty, and with the power vacuum left by the United States, I believe Turkey will once again become a key player. Not many Westerners seem to consider Turkey, which I find odd given its geographical location. Given that I’ll be there by the time you read this, let’s spend a wee bit of time on some thoughts on how it may fit into this new

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Capitalist Viewpoints
CapEx Team

ANGLOS: GO WOKE, GO BROKE!

Remember last year when Anglos got rid of their thermal coal assets in South Africa, doing the “woke politically correct” thing. Well, what another brilliant wealth-creating exercise. Look at what has happened to the coal “assets” (more like liabilities in Anglo’s eyes): Oh, my gracious! Look at the valuations and returns. Isn’t it bizarre? Just 7 months ago Europe was sending a delegation to South Africa with the aim of getting the country off coal. From Bloomberg: Well, lookie here… fast

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