OWTW
CapEx Team

“We’re out of everything” – OWTW

  PUTTING THE DOT IN DOT-COM If you’ve been around during the dot-com craze, you’ll remember market darling Sun Microsystems. “We put the dot in dot-com” was their marketing slogan. As it turned out, they really did put the dot in dot-com (though not in the way they’d probably hoped). This quote from CEO Scott McNealy is classic: At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in

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OWTW
CapEx Team

A lesson from Japan – OWTW

  IT’S BACK! The Big Question podcast is back! After a four-year hiatus (can you believe it’s been that long?), Chris sat down with oil analyst Tracy Shuchart (@chigrl) to discuss opportunities in energy and commodities. Tracy is an oil analyst by trade, but her independent thought and fearlessness of digging into the world of macro economics and politics makes her unconventional and special. If you’re a macro investor seeking to better understand the crazy world that we live in, you’re

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OWTW
CapEx Team

$2,000 Coat Rack – OWTW

The meltdown in popular growth/tech stocks continues. As you probably know, the ARK Innovation ETF — the barometer of the “growth” movement — got slashed in half in recent months. But the pain doesn’t end there. One of the best examples of the tech craze must be Peloton, the firm behind the hyped-up exercise bike… or, as our buddy Kuppy likes to call it, “the overpriced clothes rack with a built-in iPad.” From its December 2020 highs, Peloton’s stock crashed

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OWTW
CapEx Team

Don’t Write Off Gold Just Yet – OWTW

  R.I.P. OIL? The reports of my death have been greatly exaggerated. To riff off of this popular quote, reports about the (imminent) “death” of oil in the mainstream press have been greatly exaggerated, too. For a few years now, we were among the few contrarian voices saying the coming bull market in oil and gas will catch even the biggest bulls by surprise. The thesis, we argued, was simple. This passage from an old Insider Weekly issue from back in September 2020

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OWTW
CapEx Team

Like Saudi Arabia Banning Oil Exports – OWTW

  IT DIDN’T TAKE LONG It was just last week when we commented on the social unrest over in Kazakhstan and said that Russia wouldn’t be the only major player to jump into the fray: China just spent nearly $28 billion securing those commodities (mostly oil and gas but also uranium) in Kazakhstan. Our guess is we’ll soon see China stepping in to protect their interest. Sure enough, that’s exactly what happened a few days ago: From the article: China is willing

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