I remember Coxe, many moons ago, being asked about uranium. He answered that most of the brokers on Wall Street were young and of a generation that remembered uranium mainly as something strongly negative - (Three Mile Island, bombs, radioactivity, nuclear waste, etc.) and uninformed about the positive aspects of nuclear power (Coxe did not mention this, but the French use of nuclear power comes to mind).
Coxe has a very low opinion of WS traders, but he recognizes their power and their ability to label anything as politically incorrect. During the 3+ years I have been following Coxe, and making money of his advice, he has rallied against WS. An example of something he still considers ridiculous: the low P/E ratios of resource and commodity companies.
BTW, in his latest Basic Points he now mentions agricultural commodities as rising stars. |
