“Anybody who says that the super-cycle is over is an idiot, it’s just been deferred for a little bit”, mining tycoon Robert Friedland told a packed audience in London last week. I was there for the 12th annual Mines and Money show. And if you’re in the mining business and haven’t been to London lately, the Mines… Continue Reading
To a packed crowd in Vancouver yesterday, veteran junior resource analyst John Kaiser gave a presentation hosted by AME BC entitled, Confronting the Potential Extinction of a Canadian Institution. Here is a link to the 59 slide PDF presentation, courtesy John Kaiser. Mr. Kaiser has been closely involved with Canada’s venture capital markets for over thirty… Continue Reading
“Wise investors won’t try to outsmart the market. They’ll buy index funds for the long term, and they’ll diversify.” That’s what Jack C. Bogle says. He is the pioneer of low-cost index investing and founder and former CEO of Vanguard which now manages over $3.3 trillion in assets globally. Bloomberg has a new interview with him… Continue Reading
Skiddy von Stade of financial recruitment portal OneWire.com has a fascinating interview series that occasionally features Wall Street tycoons in their offices talking about their lives and their values. In this week’s episode, Stade talks to Peter J. Solomon, founder of private investment bank Peter J Solomon Company, the man Financial Times calls, “The psychiatrist of finance.” Here’s… Continue Reading
Today North America kicks off the Christmas season with the annual Black Friday sale. Many stores are offering discounts of up to 70%; no wonder this is the biggest shopping day of the year. The stock market is also having a “sale” with many resource names discounted 30-70% over the past couple months. You can… Continue Reading
Nolan Watson, CPA, CFA, is one of the most astute CEOs in mining under 40. In 2005, he became the first employee of Silver Wheaton after it was spun out of Ian Telfer’s Goldcorp. Watson was appointed CFO shortly thereafter and the company quickly became the world’s largest silver producer. Watson left Silver Wheaton in 2008 to co-found Sandstorm Gold (TSE:SSL),… Continue Reading
On a recent trip to California, I visited the Getty Museum in Los Angeles and the Getty Villa in Malibu, two extraordinary art institutions paid for by the extraordinary career of American oil tycoon J. Paul Getty (1892-1976). In his day, Getty was the wealthiest man in America. The son of a lawyer who had… Continue Reading
Self-help guru Tony Robbins is out with a new book which offers a slew of financial advice including an “All Weather Portfolio” (AWP). Without delving into too much detail (others have already done this favor for us….), the crux of Robbins’ All Weather Portfolio is a recommendation to allocate 55% of ones portfolio into US Treasury… Continue Reading
When a businessman of the calibre of Brett Wilson grants CEO.ca an interview, we aren’t going to waste his time with softball questions. I think the ex-Dragon’s Den star, Nashville Predators co-owner and co-founder of FirstEnergy Capital, was a bit surprised with our directness. But as one of Canada’s most approachable titans, he generously obliged… Continue Reading
From Wikipedia on the so called January effect: “The most common theory explaining this phenomenon is that individual investors, who are income tax-sensitive and who disproportionately hold small stocks, sell stocks for tax reasons at year end (such as to claim a capital loss) and reinvest after the first of the year.” In the modern… Continue Reading
With $36.4 billion in assets, Harvard University’s endowment fund is the largest in the world and has returned an average of over 12% annually over the past two decades. In a recent regulatory filing, the Massachusetts-based fund picked up new positions in a dozen Texas-based oil and gas companies in the third quarter amid steeply… Continue Reading
After pre-marketing their latest venture, Denham Capital, which is one of the largest resource-focused private equity firms, announced the formation of Auctus Minerals, to focus on acquiring underperforming operations across Australia and applying operating efficiencies to them in order to turn a profit. The venture is being funded with US $130 million (initially) from Denham and will… Continue Reading
Amid the doom and gloom of the resource markets, two small cap focused boutique investment firms have decided to combine their shops in an attempt to gain size and weather the storm. This morning, Toronto-based Mackie Research announced it would be acquiring the oil and gas boutique, Jennings Capital. Jennings was founded in Calgary by Rob… Continue Reading
If you’ve ever embarked on the painstakingly tedious process of raising seed capital for your company, you know that a dismal 98% of business plans pitched to venture capitalists or accredited angel investors are rejected. And in the off chance that your idea is endorsed, the combined expense of raising funds via traditional financing routes… Continue Reading
Haywood Commodity Price Revisions: Moderating for a New Paradigm This week, Haywood released a revised commodity price forecast. Changes to several commodity price decks are echoed in the negative performance of mining equities and commodity prices during the last quarter. Changes include the long-term gold price, which was lowered from $1,300 to $1,250 per ounce, silver… Continue Reading
