Commodity investing is an innovation play
Investing in natural resource and commodity companies is an investment in material science and engineering innovation, rather than a bet against human ingenuity.
The argument
The guest countered the argument that being long commodities is being short human ingenuity, pointing out that resource extraction and chemical processing companies employ massive numbers of PhDs and file thousands of patents to solve complex physical, chemical, and geological challenges.
The thesis, stress-tested
✓ What validates it
- ✓Successful commercial deployment of novel extraction technologies, such as in-situ copper acid leaching
▸ Risks discussed
- ▸Severe talent shortage as fewer young professionals enter the mining and resource extraction industries
Hear it yourself
"But, the stocks back up to where it was, before that happened. So What would you say for, like, the if someone made the argument that being long commodities is being short human ingenuity? That's a great question."
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