Business
Steve Eismans Short of Canadian Banks due to Real Estate Crash
Research Links
The Big Short's Steve Eisman: Canada's bank CEOs 'extremely ill-prepared' for credit cycle. He is shorting the stocks.
Business
Rosseau Asset Management – Resource and Mining Investment
In this episode of Resource Insider Podcast, I speak to Warren Irwin, the President and Chief Investment Officer of Rosseau Asset Management, a money management firm based in Toronto, Canada. For the last 20 years, Rosseau has been outperforming the sector and was ranked the top performing hedge fund in the world in 2016.
Warren and I talk about why he chose to focus on mining, dig into various tricks and scams often perpetrated by unscrupulous stock promoters and mining management teams, the unique skill sets mining investors must have, how Warren made money on Bre-X on the way up… and the way down, and much more.
Research Links
Business
Reason Why Lehman Brothers and Bear Stearns Were Singled Out for Destruction During the 2008 GFC Great Fcuking Crisis
Summary of Video Thesis
During the 1998 Long Term Capital Management crisis the bailout was kept quiet but Lehman Brothers and Bear Stearns griped about being involved. Thus when the 2008 crisis hit they were purposely sacrificed to recapitalize JP Morgan Chase bank.
Business
Book: Business Adventures by John Brooks
Warren Buffet's favorite business book. He is everyone's favorite crony capitalist. But I'll read it anyway.
Research Links
Business
Mining Discovery Investing
Interview with Willem Middelkoop is the founder and fund manager of the Commodity Discovery Fund in Amsterdam, Netherlands.
Topic summary:
- How a photo journalist becomes a mining fund manager.
- The tell-tale signs of a great discovery, and how information leaks can help honest investors.
- How the process of writing books helps Willem explore complex systems.
- Weaknesses in the world’s financial system, and what they mean for the future.
- Why China is on the verge of resuming its historical role in the world.
- Willems’ methodology for ensuring that he is an early investor in the best discoveries.
- How a hedge against real-estate prices led Willem to become interested in commodities and precious metals.
- The 4 key components of Willems’ portfolio.
- The importance of understanding the financial system before buying a mining stock.
- The exclusive event Willem runs for investors in Amsterdam each year.
The Coming $10 Billion Discovery And The New Age Of Exploration
Banking
USA Yield Curve Flattening
Banks take deposits which are by nature assumed to be short term and lend longer term at higher rates. If the yield curve inverts there is no profit in this model and thus the banks stop lending. Credit thus seizes up and a recession ensues.
Accounting
Understanding Double Entry Book Keeping for Engineers and Coders
Explanations of double entry book keeping by accountants lack the magic approach a good engineer uses. This explanation is by an engineer for an engineer that yields an intuitive understanding based on the modern concept of a database.
Business
Fukushima Fricassee – Japan Likely has the Hydrogen Bomb
Yoichi Shimatsu posits that in the Fukushima exclusion zone there is evidence of a Japanese nuclear bomb program that includes the hydrogen bomb.