The Meb Faber Show - Better Investing Harris “Kuppy” Kupperman - Oil is the World’s Central Banker Now | #450
Thungela Resources Investment
- Anglo-American spun off Thungela Resources, a South African coal producer, to improve their ESG score.
- Kupperman bought a large chunk of the undervalued spin-off at 110 pence, resulting in a substantial return.
Fed's Actions and Potential Consequences
- The Federal Reserve's history involves overstimulation followed by panic-driven rate hikes.
- This cycle, their actions might break central banks due to uncontrollable inflation, unlike 2008 when investment banks were affected.
Oil Supply and Demand Dynamics
- Oil prices haven't seen a supply response despite rising demand, due to factors like ESG concerns and government regulations.
- Demand is increasing as more people globally desire higher energy consumption lifestyles.
Today’s guest is Harris Kupperman, but you may know him as Kuppy! He’s the founder and CIO of Praetorian Capital, a global micro hedge fund. In today’s episode, Kuppy shares why the macro set up today leads him go be as bullish on oil as it gets. He touches on the Fed, OPEC, ESG, and how he’s implementing this trade.
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Source: (2022, September 13). Wall St suffers worst sell-off since June 2020 after inflation data. Financial Times
Source: (2022, September 19). Fund managers pitch ‘alts’ to retail investors as institutions max out. Financial Times
Source: (2022, September 30). Inflation punches Wall Street again, ending knock-down quarter. Reuters
Source: (2022, June 24). State of the Art Market: An Analysis of Global Auction Sales in the First Five Months of 2022. Artnet News.
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