We Study Billionaires - The Investor’s Podcast Network TIP428: Is Russia the most contrarian investment? w/ Harris "Kuppy" Kupperman
Mar 6, 2022
In this engaging conversation, Harris "Kuppy" Kupperman, CEO of Praetorian Capital Management, dives into the intriguing world of contrarian investing. He discusses why Russian assets are poised to be the most surprising trade opportunity available today. Kuppy also offers a bold forecast for oil prices, highlights a major position in uranium, and shares his unique perspective on Bitcoin compared to gold. Plus, he explores the challenges and opportunities in both U.S. real estate and Mongolia, revealing potential undervalued stocks.
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Russian Asset Opportunity
- Russian assets are unusually cheap, trading at low multiples and offering high dividend yields.
- This is tied to commodity pricing, as Russia is a key exporter, creating an opportunity for contrarian investors.
Bullish Outlook on Oil
- Global oil inventory has been decreasing since summer 2020, creating potential supply disruptions.
- Increased demand and limited supply growth suggest higher oil prices.
Oil Supply and Demand Dynamics
- Oil supply is constrained by underinvestment in OPEC, US shale production challenges, and pressure on large oil companies.
- Demand is rising due to developing nations' increasing oil consumption, pointing to potentially higher prices.