Django Davidson

dad

[Django Davidson @DjangoDavidson]

@BCJLondon @Dominic2306 Yes. And it’s all the better for her being Marxist, which brings an excellent outsider view into these great technological “deployments”

[Money of Mine @moneyofminepod]

Rick Rule always says "if you’re not a contrarian, you’ll be a victim."

At the core of that phrase is a deep appreciation for the capital cycle, a framework Django Davidson has spent decades practising.

Pay less attention to demand (it's narrative noise) and more attention to supply.

When capital floods in, returns get destroyed. When capital disappears, opportunity is created.

And there's one commodity in particular where Django believes we are still very early.

Youtube → https://t.co/ccVQzYXvff
Spotify → https://t.co/7ujsUxce0Z
Focus → https://t.co/HHk7oIUcT3

[MastersInvest.com @mastersinvest]

Latest from Hosking Partners....

'A framework for 10x baggers'

'The best investment ideas are simple. But they are not easy. (1) And seeing a multi-bagger investment through to fruition requires maintaining a laser-like focus on the few things that matter, avoiding the trap of complex and irrelevant data. At Hosking Partners we zero-in on the weighing, versus the accumulating, of information.

An approach likely resilient to the proliferation of ever more AI-led investment tools and critical for the a priori identification of 'big winners.''

'Lack of competition for PE of 1x shares is a structural feature of the post-GFC era and a major tailwind for Hosking Partners given our diversified approach.'

'In five years, Saga PLC has grown from <20bps to become our fifth-largest holding, where we own over 8% of the outstanding shares. (5) The share price is up 8x from its 2022 low and on non-heroic earning assumptions could rise a further 5x from the price of £5.20 in early March 2026.'

“If you don’t look for 10x baggers, you certainly won’t find them” Bill Miller

'But how on earth does one isolate potential 10x investments? And what kind of firm and fund structure do you need to hold them through to fruition?

The attached attempts to provide some simple but not easy answers via the “PE of 1x framework” and places it within our go-anywhere, global generalist approach.'

- Django Davidson

https://t.co/qJIubZUM2M

[Django Davidson @DjangoDavidson]

@IvanhoeMines_ @grok when was the last copper smelter built in the USA, UK, EU

[Django Davidson @DjangoDavidson]

@FRValue Who are the guys? I want to book them for a Europoor theme party.

[Ed Conway @EdConwaySky]

📽️Donald Trump wants you to know he's targeting Venezuela because of illegal drugs.
But what if this were really about something else altogether...?
Dig into the murky world of crude oil refining and you find another, even more intriguing explanation...
Full primer 👇

[Django Davidson @DjangoDavidson]

@bscholl LearingJet

[John Lee Pettimore @JohnLeePettim13]

A normal Honda Accord needs about 40 pounds of copper. The same battery electric Accord needs 200 pounds. Onshore wind turbines require about 10 tons of copper, and offshore approx. 20 tons. The world will need to mine 115% more copper than has been mined in all human history just to meet “business as usual.” This would meet our current copper needs and support the developing world without considering the green energy transition. Six new large mines need to come online every year by 2050 to meet global copper demand, but the problem is it takes about 20 years between discovering a new copper mineral deposit and getting a permit to build a mine. None of this takes into consideration the upgrades to the electrical infrastructure needed to "electrify: the world by 2050. In short electrifying the world by 2050 is a politicians pipe dream that will never happen. Source: https://t.co/aMSCrKYKM0

[Robert Friedland @robert_ivanhoe]

Palladium set for a big catch up?

[Django Davidson @DjangoDavidson]

@robert_ivanhoe https://t.co/pYaA5Iynwc

[Django Davidson @DjangoDavidson]

@Will_Tanner_1 https://t.co/66L1QZSvTn

[Adrian Wooldridge @adwooldridge]

Discussions of AI often question whether it is a speculative bubble or a transformative technology. The biggest lesson of the railroad mania of the 19th century is that you can be both, big time.
https://t.co/XMtpNomkva

[Django Davidson @DjangoDavidson]

@mihaljevic Amplified by a decade of underinvestment in new mines and mine extensions.

[Ed Conway @EdConwaySky]

This was such a fun conversation.
Thank you @NJHagens for having me on your podcast!

[Ed Conway @EdConwaySky]

Am I allowed, at this stage, to point out that... there is no such thing as a fossil fuel free book?
Like it or not, paperback &amp; hardback books are fossil fuel products.
If that sounds odd, consider for a moment how the book you've been idly flicking through is actually made...

[Django Davidson @DjangoDavidson]

@EdConwaySky I love you Ed

[Django Davidson @DjangoDavidson]

@mastersinvest This is a terrific book. I would add Capital Account to the must read book list.

[Django Davidson @DjangoDavidson]

@EdConwaySky Can’t do an energy transition without an a surplus of (cheap!) energy.

[Django Davidson @DjangoDavidson]

@EdConwaySky You need an energy surplus to complete an energy transition.

[All The Right Movies @ATRightMovies]

ORSON WELLES with a great anecdote about Winston Churchill.