Thomas Bachrach: Natural Resource Partners (NRP), Coal Stocks, & LatAm Ideas

<p>I hope you guys enjoy this podcast with Thomas Bachrach, Principal at PFH Capital. </p> <p><br></p> <p>This is Thomas&#39;s third time on the show and I always learn something when we chat. </p> <p><br></p> <p>This week, Thomas pitches NRP, discusses how value investors can underwrite mining/commodity stocks, and other interesting ideas in Latin America that have his attention. </p> <p><br></p> <p>If you enjoyed this episode, please follow Thomas on Twitter <a href="https://twitter.com/PFHCapital" target="_blank" rel="noopener noreferer">@PFHCapital</a> and check out his website<a href="https://www.pfhcapital.com" target="_blank" rel="noopener noreferer"> pfhcapital.com</a></p> <p><br></p> <p>Finally, a big thanks to the following sponsors for making the podcast a reality.</p> <p><strong>Mitimco</strong></p> <p><br></p> <p>This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT&#39;s mission. To help the emerging manager community more broadly, they created <a href="https://emergingmanagers.org/" target="_blank" rel="ugc noopener noreferrer">emergingmanagers.org</a>, a website for emerging manager stockpickers.</p> <p>For those looking to start a stock-picking fund or just looking to learn about how others have done it, I highly recommend the site. You&#39;ll find essays and interviews by successful emerging managers, service providers used by MIT&#39;s own managers, essays MITIMCo has written for emerging managers and more!</p> <p><br></p> <p><strong>Tegus</strong></p> <p>Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that know it best.</p> <p>I spend nearly all my tim