OUR LATEST INSIGHTS

Over the past nine months, the decline in the price of oil, as well as the decline in the stock prices of many energy and energy-related service companies, has caused a great deal of uncertainty for investors. The big fear among many investors today is that the U.S. energy industry will experience a repeat of the 1986 oil crash, which lasted a decade in North America. We believe it is the fear of this “repeat” that has brought many energy company valuations down to levels we have not seen since that time.

Know Your Rules of Thumb, a personal interview with Arnold Van Den Berg

Learn more about Arnold's presentation from the Value Investor Conference.

CM has been featured in the Spring 2014 issue of Graham & Doddsville, an investment newsletter from the students of Columbia Business School.

We believe that in order to achieve attractive investment returns, we must stick to our investment discipline and only buy when the security or commodity is at the right price.

While physical gold is not in our buy zone, many gold mining companies are selling as if the price of gold is currently $800 to $900 per ounce, which is 28% to 36% lower than gold's closing price on January 31, 2014, and well within our buy zone.