Monthly Archives: October 2020

Actually Investing in a Green Hydrogen Future

In my last blog post, Thinking About a Green Hydrogen Future, I laid out the increasing role for hydrogen as Europe transitions to a net-zero carbon economy over the coming decades.

Such a transition will require significant changes across the entire spectrum of the continent’s energy, industrial and transportation infrastructure, and there are already many companies working to address these needs. Whether it is large chemical suppliers investing to secure access to green hydrogen as a feedstock, automotive players partnering to develop fuel cell technology for commercial vehicles, or legacy businesses in the energy sector searching for new sustainable growth opportunities, all the major players are exploring their options. The realization that hydrogen investment is necessary provides a strong tailwind for the industry, especially for a number of smaller players that have spent years developing the technology that is about to be at the forefront of this transition.

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What’s Better Than Bitcoin? Companies That Dig Rocks (Seriously!)

We get a lot of questions about cryptocurrencies. Especially when there is upwards price movement. No one ever seems to ask about them when they are not performing so well… I always answer, that I cannot buy cryptocurrencies for clients, and that we are fully committed to finding profitable opportunities elsewhere.

One example is our investment in copper miners. Copper miners?!? Yes, copper miners.

Since the lows of March 16th, copper miners Freeport McMoRan and HudBay Minerals have actually outperformed Bitcoin:

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On US Presidential Elections and the Stock Market


It was past midnight in Riga, but the voting results from the US presidential elections were just starting to trickle in. I had to be at the airport at 6am to catch the early flight to Berlin, but this was political drama at its best. Just a couple more exit polls. This was important. I could sleep on the plane.  

The odds were in largely in favor of the Democratic Party’s presidential candidate Hilary Clinton defeating the Republican Party’s Donald Trump – most polls gave Clinton a 60%-70% chance of victory. But the election results were starting to tell a different story. It would be close. And Trump had a chance. In fact, he had taken the lead in the projected count of Electoral College votes.  

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How To Own Your Weight In Gold

 “Someone once told me that you were not wealthy unless you owned your weight in gold” -said the client. I had not heard this argument before. Regardless, the implied sum sounded substantial. I started to calculate in my head just how many dollars’ worth of gold she was telling me she was considering to buy (somewhere around 3 million USD). Would we have to liquidate all of her investment portfolio to accomplish this goal? Was this a worthwhile goal? Was buying gold even a good idea? This was sometime in 2012. Gold had been selling off from its highs as the world continued to recover from the great financial crisis. Would it have another run higher? I thought not. Now how could I tell her politely that I thought that she would be better off staying invested in productive and income generating assets such as stocks and bonds rather than something shiny that was dug out of the ground just so that someone could buy it, and then pay to store it in the ground again? Or rather, how could I tell this to the private banker and hope that nothing was lost in translation? 

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