Category: Research – Brandon
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My Thoughts on Copper vs. Uranium
I spent most of the summer studying the copper market, its supply/demand dynamics, and potential future imbalances. I found a market facing supply issues starting in 2025 due to The Great Electrification and the world’s race to Net Zero by 2050. But that’s all in the future. Today, the market clears with supply matching demand…
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Azarias Capital on Uranium 101
Brandon Beylo: Daren Heitman of Azarias Capital, thanks so much for coming on the podcast. I want to say early this week and I was like, Hey, I read your letters. I was fussing around the uranium space and saw that you had written about it and tweeted about it and want to see if…
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Why Dying Industries Can Make Great Investments
Competition Demystified is among my favorite investing books. Its supply-side analysis framework starkly contrasts today’s analysts obsessed with “growth” and forecasting demand to the nearest decimal.Towards the end of the book, Greenwald shares an interesting story about the gasoline additives business. He explained how an industry with these characteristics (from the book): Commodity product Substantial overcapacity…
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Free Global Macro Trading Course: Invest Like A Market Wizard
Global macro trading is becoming increasingly popular, and for good reason. With the world becoming more globalized, investors must understand how different economic factors affect global financial markets. This is where Macro Ops can help. Macro Ops is a leading financial research and education firm that offers a free, comprehensive global macro trading course.You can…
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Rory Johnston: Oil & Gas Industry Crash Course (Transcript)
If you’re like me and prefer hard copy transcripts, check out the PDF version here. TranscriptThis editable transcript was computer generated and might contain errors. People can also change the text after it was created.Brandon Beylo: All right, Rory, we’re obviously bringing you on the podcast today because oil is the new oil. At least that’s…
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Value Investing Q4 Letter Recaps: MWA, DVA, PRM
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in roughly three minutes. Within each idea we answer four main questions: What does the business do? Why is it a good bet? Why does the opportunity exist? What is the prize if you’re right?…
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Michael Burry’s Investment Strategy Explained
We analyzed every Michael Burry write-up on Value Investors Club (VIC) to break down his investment strategy and learn how he dissects stocks.The following are Burry’s five factors for approaching potential investments. He looks for: Small and micro-cap companies that are illiquid Downside protection Low share counts Value on an absolute basis Unrestricted parameters Let’s…
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Value Investing Q4 Letter Recaps: ROST, EW, SPOT
Our Value Investing Letter Recaps keep things simple. Each email focuses on three value investing hedge fund letters, three ideas, all digestible in roughly three minutes. Within each idea we answer four main questions: What does the business do? Why is it a good bet? Why does the opportunity exist? What is the prize if you’re right?…
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Top Bruce Greenwald Value Investing Resources
Bruce Greenwald is one of the most prolific Value Investing teachers out there.His superpower is simplifying complex subjects like valuation and competitive analysis to help investors beat Mr. Market.Here’s my collection of my favorite Bruce Greenwald Learning Resources. You’ll have hours upon hours worth of MBA-level value investing lectures, resources, documents, PDF’s and podcasts at…