For the past decade, coal has been the fuel the world was trying to forget.
Climate agreements, green energy targets, ESG mandates, net-zero pledges — the entire direction of global energy policy pointed one way: away from coal.
It’s one of the most confusing things happening in markets right now. There’s a war raging in the Middle East. Oil prices are surging. Inflation fears are climbing. Global markets are rattled. And gold – the asset people have run to in every crisis for thousands of years – is falling?
Read MoreOver the past weeks, I’ve spoken about the Strait of Hormuz and how the war is threatening oil and aluminium supply. But there’s another, less obvious story unfolding – one that could ripple through global food prices, farming economics, and agricultural stocks. That is a significant share of the world’s key fertilizer ingredients flows through this chokepoint: roughly 44% of global sulphur, 31% of urea, 18% of ammonia, and 15% of phosphates.
Read MoreMost companies listed on the JSE are worth something because of what they earn, what they own, or how fast they’re growing.
But one JSE small cap trading at just 101c a share is worth something almost entirely different: a court case. Randgold & Exploration Company Limited (JSE: RNG) has spent years pursuing a massive legal claim against JSE heavyweight, Gold Fields (JSE: GFI). If it wins, shareholders could make a fortune.
In 1951, a young Warren Buffett asked his girlfriend’s father for permission to marry. Instead of congratulations, he got a lecture. “Warren, you’re going to fail. The Democrats are in. They’re all communists. The country’s economy will collapse.”
Imagine if Buffett had listened to that doom-and-gloom. He might never have bought his first stock. Never built Berkshire Hathaway. Never compounded wealth over seven decades. The lesson Buffett wants investors to learn: Don’t let politics run your portfolio!
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