Robert

Altius Minerals Corporation (ATUSF)

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Altius Minerals is the world’s premiere non-precious metals royalty company. Altius manages two complementary businesses: royalty investment and project generation. Royalty investment is the acquisition of royalties in producing mines. A royalty is a type of financing in which the investor buys the right to earn a percentage of a mine’s production. The royalty holder … Read more

2023 Q4 Partner Letter

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“Every generation laughs at the old fashions but follows religiously the new.” -Thoreau. An American buttonwood tree once stood taller than any other structure on Wall Street. Two hundred and thirty-one years ago, on May 17, 1792, twenty-four merchants signed the Buttonwood Agreement under that tree, establishing the first iteration of the New York Stock … Read more

FRMO Corporation (FRMO)

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FRMO Corporation is the publicly traded investment vehicle of Murray Stahl and Steve Bregman. FRMO Corporation owns a significant stake in Horizon Kinetics, an asset management company controlled by Stahl and Bregman, and various other smaller investments. The company was originally incorporated in Delaware in 1993. In 2001, FRMO spun off its operations, and Stahl … Read more