Dec 142011
A must watch interview with Kyle Bass, one of the really smart analyst/investors. Most Wall Street hacks are not worth listening to. Mr. Bass is not a hack. Not listening to his analysis might be dangerous to your wealth.
A must watch interview with Kyle Bass, one of the really smart analyst/investors. Most Wall Street hacks are not worth listening to. Mr. Bass is not a hack. Not listening to his analysis might be dangerous to your wealth.
Syrin, by all means give us the links to those to the articles that say Canada is not financial haven.
I am bullish on the Canadian resource sector.
(1) Commodities arguably have intrinsic value which fiat money does not. They are subject to bubbles and overproduction, while their value is cyclical, it should never go down to nothing.
(2) Some Canadian oil and gas companies and gold mining companies are selling multiples for below (NPV–Net potential value) and sometimes a fraction of NAV (net asset value); in some cases, especially oil companies, are selling at below shareholder’s value (book value).
(3) the fact that companies are selling at below NAV shows that there is no bubble in this resource sector.
(4) When the dust settles from the current monetary crisis, when everyone is tired of playing hot potato and muscial chairs with different kinds of assets, only what is real will remain. Companies with real NPV or NAV will therefore, I hope, retain a certain value over against other asset classes.
I wish he’d gove specifics as to what we’re supposed to do. I have read several recent articles showing us that Canada is not the financial haven Mr. Bass seems to believe it is. Perhaps by comparison, and by default given the choices.
Gold? Silver? Ammo? Where do we put our money to protect it?