Introduces Charlie Bobrinskoy from Ariel Investments, noting stocks falling and oil rising due to Iran strikes, and his positions in energy and fertilizer stocks.
Host
Charles Bobrinskoy
Presents an inflationary investment thesis driven by Trump administration policies (immigration, tariffs, tax cuts, deglobalization, Iran war) and trillion-dollar deficits without political will to control them.
Asks about the rationale for fertilizer stock Mosaic - whether it's a simple scarcity trade or if there are limits.
Host
Charles Bobrinskoy
Argues fertilizer is essential for global crop production, demand keeps rising due to improving diets and protein consumption, and Mosaic benefits from North American assets avoiding tariffs and having lower transport costs.
Asks about energy prices - how long they might last, what current prices imply about crisis duration, and whether companies can work with these levels.
Host
Charles Bobrinskoy
States energy investments were made before war, based on thesis that market wrongly assumed declining oil/gas demand due to electric cars, and that demand will actually increase with global economic expansion.