Navigating Risk and Uncertainty
Uncovering undervalued investment opportunities, and thinking through risk, uncertainty and the pursuit of truth.
Closed position on 27 October, 2025, with a -8.1% return, and then re-opened the position on 17 December, 2025. Australian gold and copper producer, Greatland Resources Limited (ASX:GGP: A$8.30 per share) joins Apex Mining Co., Inc. (PSE:APX), and...
Closed position on 27 October, 2025, with a -8.2% return. As I noted in my thesis on Apex Mining Co., Inc. (PSE:APX), Gold mining has historically been a poor way to capture gold’s value, with overinvestment, low-quality assets, and poor capital...
I have once again been recognised in the SumZero rankings, ranking #6 globally (LTM) among 16,000+ buy-side professionals. My 18 featured investments have generated ~16% average total return, outperforming the S&P 500 by +11% and compounding into an...
Position closed on 6 Oct. 2025 at a price of $31.78, with a return of 6.7%. Caris Life Sciences, Inc. (CAI: $34.21 per share) positions itself as a future leader in precision medicine, but the odds are firmly against it. The company faces an...
Closed position on 27 October, 2025, with a 14.4% return, and then re-opened the position on 17 December, 2025. Gold mining has historically been a poor way to capture gold’s value, with overinvestment, low-quality assets, and poor capital discipline...
My investment methodology and risk philosophy has earned me the #7 ranking on SumZero for the last twelve months. SumZero is a highly exclusive buy-side only platform that connects capital allocators and money managers. More than 16,000 portfolio...
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