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Mike Gathers's avatar

I would love to hear about the stocks in your managed account and why you manage it differently than your own. Does the owner give you guidance that leads to different choices? Is it simply market timing and when you were investing? Why the difference?

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Alberto Alvarez's avatar

Different account sizes. If I were to invest in Manolete with that account I would have to buy 5% of the company. I have total freedom with that account, the owner gives me no guidance. I used to own Sintana and Litigation Capital, but I had higher conviction in the stocks I own in my personal account. So as both stocks grew, I sold them. This was pretty recently

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InvestorLatam's avatar

Great read as always, Alberto. Thank you. I’d prefer that you stick to the stocks you own as you have limited time to cover them. I’d prefer to read the ones you have the highest conviction in.

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Alberto Alvarez's avatar

Thanks

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marc gerges's avatar

The stocks with the catalysts coming in the next 6months to 5 years are the stocks that interest 'investors'. What is the next uranium sector and what is the catalyst for your conviction? People will pay for this information. So I ask you my friend what is the next uranium? Keep up the good work.

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Wandering Pilgrim's avatar

I'm interested in this as well. I have heard several highly followed people say the silver market has a lot of similarities to what happened with uranium. Silver supposedly has a very significant supply deficit that will last for several more years at least. I have been positioning in silver and silver miners for this.

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Alberto Alvarez's avatar

Only platinum and palladium have the same set up. Buts its gonna take more time for them to perform well, probably 5 years. But I do not mind waiting, its part of the game

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marc gerges's avatar

I agree that platinum is a steal and at this price definitely worth the wait.

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Andrés P.'s avatar

Thanks so much Alberto for all the content that you share.

It's great to read you and understand the rational behind your portfolio.

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Alberto Alvarez's avatar

Thank you

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marc gerges's avatar

Nickel is intriguing & it's cheap! The companies that have a Ni resource are being overlooked. They are worth less now than 5 years ago before permits studies and resource expansion. Plus can Indonesia sustain Ni production and even so, is it enough with the new leaders in the world politically. These leaders promise to increase revenue by stimulating economies, also the emerging economies in the world want to progress and need this mineral. Nickel also has a optionality play as it lends itself to the 'green trend'. I believe these elements are cumulatively catalysts for the near future that could propel the companies that hold this resource to a dramatic rerate. Could this be the new uranium we did so well in a few years back??

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Alberto Alvarez's avatar

Nickel production is at all time highs. That is not a good sign

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marc gerges's avatar

Nickel production is at all time highs and burdened with an oversupply partly due to economic slow down world wide. Nickel is being sold at prices that I believe are not sustainable and new Ni projects are are stunted in development process, to me this is sexy. Companies are delaying their projects and focusing on other metals in their portfolio to survive this is evident in my portfolio. While other investors abandon these stocks and chase moving objects right now the best of the best is on sale for nothing. Kinda reminds me of Uranium in 2019 selling for $20 lbs, in the long run this was not sustainable. Sir can I have some more!

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Alberto Alvarez's avatar

As I said: Nickel production is at all time highs. That is not a good sign. I want to see mines closing before considering nickel as an investment. It took uranium 10 years to recover from Fukushima, going this early into a metal will only mean trouble. But I hope you all the best!

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Michael Grynsztejn's avatar

I would like to hear about your choices in managed account also

Thanks

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