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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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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CapEx Team

Back to the Dark Ages – OWTW

  CRAZY OR…? As you probably know, things have been a little shaky over in the “growth” world recently. So much so that ARK’s Cathie Wood — the poster child of the “growth” wave — suggested these stocks were now deep value (yes, really!). But fear not! According to Wood, they are heading for the moon: According to our research, emerging innovation platforms will transform our lives and the global economy radically, scaling their equity market capitalizations potentially from roughly $14

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CapEx Team

Santa: A Drug Dealer and Terrorist?! – OWTW

This week we’re swapping the stock charts on our screens for endless reruns of Home Alone, Grinch, and Die Hard with our families. That’s why we’re dusting off an old Christmas post Chris wrote back in 2010 (gosh, has it really been 11 years?!). It’s a deep dive into Santa’s rather unique business model we guarantee you won’t find in any business school. Ironically — or unfortunately — we think you’ll agree it’s even more relevant in today’s PC world. Click here

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Santa Klaus Sticker
OWTW
CapEx Team

Beware the Hype – OWTW

The below list (h/t to @silverguru22) caught our attention this week. It shows the performance — or rather underperformance — of the stocks CNBC host Jim Cramer urged the unsuspecting rubes investors to buy earlier this year. Most of these stocks were high-flying “growth” names completely disconnected from fundamentals. Not that that stopped folks from flocking to them. In their defence, the Jim Cramers of the world were hyping up these stocks as the best thing since sliced bread. Rather than buying

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CapEx Team

Ghosts of the Dot-Com Bubble – OWTW

Our friend Tim Staermose shared this chart in the Hedgie Watercooler Telegram group (click here to get free access to the group). After mimicking the Nasdaq during the dot-com boom, Cathie Wood’s ARK Innovation ETF (ARKK) — the poster child of the current growth wave — seems to be also following the patterns of the dot-com bust. Now, there’s always more to investing than just the angle of a chart. But as the saying goes, history never repeats itself, but it

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OWTW
CapEx Team

Time to Retire? OWTW

High up in their ivory towers, the pointy shoes just realized what most of us have known for some time — high inflation is not as transitory as they have spent months convincing us. Quite a 180 from earlier this year: Federal Reserve Chairman Jerome Powell said prices would rise this year as the pandemic recedes and Americans are able to go out and spend, but he played down the risk that this would spur unwanted inflation. “We do expect that

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