General Information

Name:
Peter Epstein
Fool Since:
August 2 2012

Investing Basics

Investing Experience:
High
Risk Tolerance:
High
Investing Style:
Metals/Commodities
Portfolio Size:
Medium (4-12 Stocks)
Types of Investments:
I make bets in natural resource stocks that I have high conviction in from extensive due diligence as well as conversations with senior management teams.
Stocks I Own:
ANR, WLT, CNX, Cline Mining, (CLNMF), ARLP, NRP, Sable Mining (AIM:SBLM), TomCo Energy, (AIM:TOM)

Investing Favorites

Stocks:
natural resource stocks, coal, iron ore, potash
Industries:
coal, iron ore, potash
Newsletters:
Doyle Trading Consultants daily newsletter-- http://www.doyletradingconsultants.com/
Blogs:
realclearmarkets.com seekingalpha.com clusterstock.com zerohedge.com

Investing Expertise

My Area of Expertise:
Natural Resource sectors like coal, iron ore, potash

Education And Work Information

School(s) Attended
MBA NYU, Stern School of Business
Job Title
Independent Consultant
Company / Organization
MockingJay, Inc.
Former Jobs
Senior Analyst at $3b Hedge Fund

An Interview with MockingJay2011

Last updated: 8/5/2012
The Fool:
What lesson do you wish you’d learned ten years ago?
MockingJay2011:
That's easy. I wish that I kept in better touch with contacts that I've made over the years.
The Fool:
What was your first educational exposure to investing?
MockingJay2011:
Baseball cards. I made thousands of dollars in the 1970's collecting and then investing in baseball cards.
The Fool:
Tell us about Your Dumbest Investment... and the lesson you learned from it.
MockingJay2011:
As a senior analyst at a hedge fund about two years ago, I invested in Blockbuster bonds. Blockbuster, (the movie rental chain) went bankrupt and I lost half of the money invested.
[Read the full Interview]

My Story

At age 45, I left the hedge fund world to start my own consulting firm. I named it MockingJay, Inc. I'm an expert in natural resources, especially coal, but also iron ore and potash. I invest in both public and private companies. I consult for a handful of companies and I advise friends and contacts (high net worth individuals & funds) about compelling investment opportunities.

How I Invest

I pick natural resource companies that are well positioned to thrive once commodity prices bounce back. I pick companies where I have a solid relationship with the management team. I'm interested in companies that are already in production of commodities or very close. I only invest in companies that have good solutions to logistical challenges, namely rail and port. I try to avoild higher risk countries. I want to own the lowest cost assets and/or the best quality commodities that suffer the least in price downturns.