Doug Casey sat for an interview with a site called The Energy Report that was rerun on Seeking Alpha. They interview covered a lot of ground and I wanted to hit a couple of the highlights as they could be thought provoking.
Based on the interview (I am not terribly familiar with Casey) the top investment themes seem to be uranium and food that wealthy people want to eat by which he meant beef and fish although with fish there was no mention of fishery companies. About fish he said "if I could buy long-term contracts on caviar and good eating fish, I'd do it." I have to believe he knows about things like the Norwegian fisheries that are publicly traded but either way, no mention. I have mentioned many times that Global X has filed for a fishing ETF but I have no idea when or if it will ever list.
He also mentioned being "quite involved in the cattle business in Argentina and I think cattle actually will go much higher for a lot of fundamental reasons." If I read this correctly he lives in Argentina.
Another point he made was the need (as he sees it) to be "geographically and politically diversified." The precise use of these words were not clear to me but based on this interview he said that people should invest outside the US and he then devoted more commentary to the need (as he sees it) to live outside the US.
There is of course something intellectually appealing about moving to another country (this is something I've blogged about before) but more practically is the idea investing more into foreign assets. There is the psychology of home bias that needs to be overcome for this to happen of course. More investors are of course learning how to do this. If you read this site regularly then you know where I am coming from on this so it can be useful to take in the idea from another source.
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8 comments:
I see commodities making a run that makes one pause and wonder where the end game goes. I wondered your thoughts on when the bubble pops and the Fed. Maybe a topic on your blog in the near future?
i am not a fan of the word bubble, guessing when a fad or mania turns is merely a guess and does not help my clients. the important thing is remaining disciplined to our long standing exit strategy whenever it is triggered be that in a week (not reasonably possible to be that soon) or three years from now.
I'm at the point where I'm going to consider some food/grain commodities in my portfolio. I'm just starting to investigate.
What tripped the trigger was a look at corn prices (I don't follow 'em closely since my dad retired and my brother quit farming) and discovered that China turned into a net grain importer in the last year.
I've heard the word 'peak fish' thrown around a few times in the past 6 months. Probably a believer in peak everything since i read National Geographic MAG
Roger,
in this upmove there is two more weeks into a top and then this market will shift into a correction. I am not sure how deep it is goint to be. I am preparing for this downturn. It may be very shallow.
Best,
Jeff from Milan, Italy
There are 3 tnings that smell like fish. Casey's fishy article, of course fish and something else.
the "(I am not terribly familiar with Casey)" comment.
Another blogger is...
http://incakolanews.blogspot.com/search/label/casey
if true that is all unfortunate. the article i linked to seemed to be more about themes and concepts without touting anything in particular
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