Climate Change
CapEx Team

NOT GOING AWAY

Not a week goes by without some suit being trotted out on CNBC, MSN, or some such propaganda outlet to most earnestly — with furrowed brow and stern expression — explain to us that yes, the end of fossil fuels is now here. Not coming, not a future inevitably, but actually here. We are told that “we” (meaning you and I) must however act NOW, and a select bunch of jet-setting billionaires with unusual “interests” in underage girls actually have

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electric vehicles, EVs, wind turbines
Climate Change
CapEx Team

GIRD YOURSELF FOR THE GRID

Here’s a fun EV fact. To match the 2,000 cars that a typical filling station can service in 12 hours, an EV charging station requires 600 50-kW chargers at an estimated cost of $24 million and a supply of 30 megawatts of power from the grid. For. Each. Filling. Station. In. America. But we’re going to have full EVs within 10 years. Sticking with stupid… This time, it’s wind💨. Vestas warns of further turbulence for wind turbine makers | Financial

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different currency
Currency
CapEx Team

Holding Different Currency

We’ve got our fair share of risk at the moment. More than our fair share, really. In private conversations with Glenorchy Capital clients, one topic that often comes up is how to manage currency and banking risks. Say, for example, you’re banking in Germany, and you’re worried about the euro (as you well should be). Now, you say to yourself, “Well, that’s fine. I’ll open a foreign currency account with my bank and shift some cash into USD.” Or maybe some rubles,

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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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