TKG is manging two portfolios, competing against some rock investments over a 9 year biz cycle.
#1, Lundin, owns massive copper reserves. There have been debt servicing problems around 2007-08. There is political risk with a Congo mine, but whoever is in power in Congo in a decade will likely want to help Africa procure water pipes, wind turbine alternators, and copper plate hospital equipment.
#2, is a long term USA bond fund. The USD was a flight to safety even in a USA mortgage-unleashed recession.
#3, is a Wilshire 5000 fund. It is the USA market. In CAD it has some Chindia (commodity) exposure as a hedge against USD depreciating.
#4, TAVIX is an international fund managed by a value investor student of W.Buffett. Hoping for some early-Buffett years, returns. Easier to find bargains and not indebted (depreciating) nations, abroad.
#5 is GE. I thought about a pure medical instruments play like Boston Scientific. Like the aging boomer play. But USA insurance industry prescribes too many useless tests that place USA physicians at a conflict of interest. Given USA deficit/debt I can't see this pork continue. GE has a few segments. Some TKG doesn't like. But gets a conglomerate penalty on the bright side. Tough to find a USA conglomerate without petro exposure.
#6 BRK.b. Probably the best case study of how to choose wise managers to invest in. Everyone knows Berkshire Hathaway.
