MH+ Ep.16 : Pat Chats With Fellow Investor, James Mackay
Oct 26, 2023
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James Mackay, an expert in commodities and Uranium, discusses his experience as an investor, early successes in stocks, traveling the world's influence on investment decisions, a hard lesson in doing business in Russia, and insights on investing in the energy sector.
James Mackay emphasizes the value of traveling and experiencing different places, which opened his eyes to opportunities for investing and tax optimization.
James McKay discusses his investment themes, focusing on uranium, coal, oil, and Bitcoin.
Deep dives
James McKay's Journey as an Independent Resource Investor
James McKay discusses his journey as an independent resource investor, sharing insights into the opportunities, mistakes, and pitfalls of resource investing. He talks about his experience during the 2008 financial crisis and how it led him to start investing in stocks and the resource sector.
The Importance of Traveling and Being a Boots-on-the-Ground Investor
James McKay emphasizes the value of traveling and experiencing different places, which opened his eyes to opportunities for investing and tax optimization. He shares his experiences in Russia and how he learned valuable lessons in doing business there. He also highlights the importance of trust, contracts, and partnerships in the small business environment.
Investing Themes: Uranium, Coal, Oil, and Bitcoin
James McKay discusses his investment themes, focusing on uranium, coal, oil, and Bitcoin. He highlights the potential for uranium to exceed expectations in terms of price increase, while also mentioning the importance of investing in production companies like Kazatomprom. He explains his interest in coal, seeing it as an opportunity due to its cash flow and the need for base load power. Additionally, he talks about his bullish stance on oil, based on the increasing global demand from developing countries. He also shares insights on his past successful investments, such as great bear resources and Peabody Energy.
This week Pat talks to fellow investor, James Mackay. They talk commodities, Uranium and some interesting stories from when James was just starting out…