I've been listening to Kuppy's regular visits to The Market Huddle (YouTube). I've never met him, but from countless interviews with him on The Market Huddle, I get the impression that sometimes he's right, but often he's wrong. He has a different way of finding opportunities than anybody I know. Seems like there's some golden nuggets in there. A person who I'd love to share a few beers or tequilas with. I look forward to each of his visits on The Market Huddle. I find him very entertaining.
WOW, You have TWO HOURS to listen to this guy. You most definitely have a lot of free time!!! Nah, I have personally met him, back around 2006, when he asked me for a $2M investment for his African Mining Fund (45-minute interview), but just for me, he could lower it to $1M. I passed, and his $100M fund imploded, as in zero, within a year. I do feel terrible for his initial investors (and also for his Mongolia Fund investors, later on). It must have been quite a shock for them to receive that final email, saying I am sorry, it's ALL gone, I am humbled, blah, blah. The Mongolia Fund was his second act, and that is down 98%, and it looks hopeless. How is he paying his bills? Yep, think about that, and think about that hard. Feel free to go over the information I have posted in the links. Again, I am more than willing to go on the record about this guy. FYI, if this is someone you would want (LOVE!!!) to share beers (AND TEQUILA!!!) with, I do feel quite sorry for you. There are much better outlets for your entertainment needs... PS. Kuppy has whole new different look. He is reinventing himself!!! Maybe grab a COLD ONE with @salenanolen?
Not at all. I just don't have the time to listen to this specific person, due to my personal knowledge of his background of failures, that affected a lot of people, negatively.
Back when Covid was just getting started, like April (2020), I'm pretty sure it was this guy that I heard going on about buying stock in the tanker companies, they were being used to store excess crude and they had raised their rates substantially. I forget all the details about why the trade would work, but I started glancing at those stocks every few days. Whoever it was that said this, and I'm 90% sure it was this guy because that name rings a bell, but whoever it was, was right. Those stocks started climbing like nuts. They're pretty much back to where they started now, but it was in fact a great near term call. I didn't jump in because those companies with their off the chart dividends always scared me. Don't trade what you don't understand right? So anyway, like I said, I'm pretty sure it was this guy. Win some lose some I guess. I'll tell ya what though, if I was reticent about tankers... I'd laugh the guy out of my office if he came to me with Mongolian real-estate. I mean... wtf?! I guess I ain't that worldly. Probably why I let my Marquis Jet card expire.
Kupperman was down 41%, first quarter of 2020. Maybe the "tanker trade" erased some of these losses? Who knows. I just want him to fully explain how he lost $100 Million in his African Mining Fund, back in 2006-2007, then conveniently disappeared for some years, only to reappear in Mongolia! https://elitetrader.com/et/threads/kuppy-comments-about-spacs.357294/page-2
I have the market huddle on my list of podcasts to listen to. I just never get around to it with everything else. Perhaps I should at least give the one posted a try tonight.
In his defense; he recovered $5MM from some bets in 2020. His tanker trade was mixed, his AR states a $5MM inv-gain in 2020 but I wouldn't trust that number. I don't think he's got the AUM to support that kind of PNL unless he's marking stuff just stupid. I would trust the guy with lunch money. His tanker trade post: https://adventuresincapitalism.com/2020/03/19/crude-contango/