Not to be overly critical but there doesn’t appear to be much original thought in the Clean Teq De-risked article.It comprises numerous quotations from who’s-who in the investing world (link provided) and a regurgitation of chart data provided by Clean Teq and other authorities. For example:
As Warren Buffett says:
"When a company is selling a product with commodity-like economic characteristics,being the low-cost producer is all-important"
Or Mohnish Pabrai says:
“When you’re buying a mine or a commodity producer, cost of production becomes the moat and consistent low cost of production is the way to go about it. And so what I try to do, when I look at the miners – because obviously with commodities, you have no moat – is to create a moat by choosing a consistently low-cost provider.”
After all risk is everything, as Frank Martin,a Master Investor says:
"Any look at the prospect for all types of investments would be grossly incomplete without a careful examination of the risks that one would have to assume to be in the game."
This quote from Bill Ackman is a good reminder.
"We have generally avoided commodity-sensitive businesses. With commodity businesses,it's very difficult to predict the future price of the commodity"
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The effort is applauded but I don’t really get to read what the author thinks. What his opinion is. Why he sees Clean Teq as superior to others. It seems only to be a faithful cut and paste of varies self-appointed experts.
