On Friday I had
back on the podcast for the first Kontrarian Korner Happy Hour episode. I had a good time having a couple drinks and picking his brain on a bunch of different topics, from sentiment in equity markets and volatility around the new administration, to financial warfare in crypto markets, and his thoughts on several different commodity sectors. We also spent some time going into his area of expertise, the insurance industry, and several individual ideas that he likes right now.
Podcast Summary
Calumet CLMT 0.00%↑ being a frustrating stock despite all of the catalysts materializing.
S&P sentiment, uncertainty around Trump 2.0, and his thoughts on broader equity markets.
Financial warfare in crypto, and the negative impact of sports gambling on society.
Gold and natural gas becoming consensus trades.
Coal, steel, tariffs, and problems with Thungela Resources in South Africa.
Why he’s uneasy about oil right now (even though I finally talked him into buying some Sable).
Insurance (which is his day job), which subsectors he likes, and a couple stocks that he thinks are very cheap right now, including Hamilton Insurance Group HG 0.00%↑.
What he looks for when he is evaluating insurance companies.
Other ideas that he owns, like Nebius NBIS 0.00%↑ and Marex MRX 0.00%↑.
What he thinks of Uranium, and why it’s in his too hard pile.
Book Recommendation: The Davis Dynasty: Fifty Years of Successful Investing on Wall Street by John Rothchild.
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