Kontrarian Korner

Last week I was able to have John Polomny back on the podcast for another great conversation. We looked at some of the commodities sectors that both of us find interesting, and some of the opportunities in the market today. We also talked about the current geopolitical landscape and American culture. You can find his Substack below, but he is also a very entertaining follow on Twitter.

Podcast Summary

* Energy Return On Energy Invested, and how human society has never gone backwards as far as energy density.

* Uranium, and the bombed out sentiment across the sector.

* The opportunities in the oil & gas sector, including offshore oil services and Canadian oil sands.

* Why he likes Glencore for his exposure to the coal sector.

* His thoughts on the precious metals miners, the agricultural sector, and shipping.

* The geopolitical landscape, from Trump and the Monroe Doctrine, to the return of realpolitik.

* Immigration, the changing culture of the US, and what it means to be an American.

* Book Recommendation: Santa Monica Partners Letters to Partners 1982-2021: 40 Years of Pink Sheet Investing by Lawrence Goldstein and Joseph Raymond.

* He also recommended the Horizon Kinetics quarterly updates, which are definitely a must read.

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