| Beating the S&P 500 with Kevin Duffy |
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Kevin Duffy, Patrick Highsmith and Michel Oliver return as this week’s guests.
Over the last 16 months, Kevin Duffy’s conservative “Coffee Can Portfolio” has gained 54.14% compared to a gain of 43.80% for the S&P 500. He did that despite 20.22% in reserves, 7.71% in portfolio insurance, 18.15% in gold stocks. Unlike the S&P 500, the Coffee Can Portfolio appears to be in a position to profit from, or at least, reduce losses in a major equity bear market.
Kevin will join us to share his investment philosophy, provide his views on the economy and let us know how he has positioned his portfolio to weather a growing inflationary threat and, at the same time, protect his portfolio from a major equity bear market. Given that stocks are the most overvalued they have ever been in American history, the threat of a major decline in equities should be taken seriously, especially as interest rates rise in concert with higher rates of inflation.
Patrick Highsmith will introduce the story of Timberline Resources, a new sponsor to the show, that has large highly prospective gold exploration targets in Nevada. Michael Oliver will join me to tell us what his momentum and structural analysis is saying about stocks, bonds, commodities, and gold for 2022. |
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Kevin Duffy is principal of Bearing Asset Management which he co-founded in 2002. The firm manages the Bearing Core Fund, a contrarian, macro-themed hedge fund with a flexible mandate. Bearing gained notoriety during the Great Financial Crisis by betting against stocks like New Century Financial, Fannie Mae, Bear Stearns and Lehman Brothers. Duffy wrote extensively on the housing and credit bubble identifying root causes of the bubble. A month later, he issued a warning in an op-ed for Barron’s titled “For Whom Do the Bells Toll.” The Bearing Credit Bubble Index was cited by Marc Faber in speeches and The Gloom, Boom & Doom Report. Prior to Bearing, Duffy co-founded Lighthouse Capital Management and served as Director of Research from 1988 to 1999. He chronicled the excesses of the Japan and technology bubbles of the late 1980s and late 1990s respectively. The firm was later sold to Fisher Investments. Duffy also publishes a bi-monthly investment letter called The Coffee Can Portfolio.
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| Chen Lin had been a doctoral candidate in aeronautical engineering at Princeton. However, Chen found his investment strategies were so profitable that he put his Ph.D. on the back burner to devote full time to private investing and writing a newsletter titled “What is Chen Buying? What is Chen Selling?” Chen's track record has been phenomenal! In one account we tracked, in which he used no leverage, he was able to grow $5,411 starting in 2002 to over $2.2 million by the end of 2012. You can visit his website at http://chenpicks.com |
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| Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related. Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation. Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian-listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5-million ounce gold asset that was sold to First Mining Gold. In 2010, Dr. Hennigh helped start Novo Resources, now a gold producer, by assembling its Australian exploration portfolio. He is Geologic and Technical Advisor to Crescat Capital. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines. |
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| Jay Taylor Taylor Hard Money Advisors, Inc 718-457-1426 |
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