2nd Quarter 2024 Letter to Investors
In this letter, we discuss persistent inflationary pressures and potential misallocation of capital in financial markets that could lead to future...
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How To Lose Money Smelting Copper
Investing in copper and copper miners represents a significant opportunity for investors over the next ten to fifteen years.
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1st Quarter 2024 Letter to Investors
Outperformance of Metals and Mining sector: The fund's gold, copper, and lithium investments outperformed their respective industry...
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A Deep Dive into Chinese Industrial Production
This post examines China's economic strategies and their impact on global trade and geopolitical dynamics, focusing on the shift from low-value...
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Renewable Energy And "Grade"
Renewables as extractive industries: Renewable energy sources like wind and solar are extractive industries that depend on the “grade” of the...
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