Otavio (Tavi) Costa(@TaviCosta):A reminder: The mining industry still represents only about 1% of the entire global equity market. I do not know whether that share will rise to 2%, 5%, 10%, or even 15–20% over the next decade. But I find it difficult to imagine it falling below 1%. This, my friends, is asymmetry in its purest form for the decade ahead.

Otavio (Tavi) Costa

@TaviCosta

Founder & CEO of Azuria Capital LLC. Macro thinker, history student, value-oriented investor. Native of Sao Paulo, Brazil 🇧🇷 E-mail: tavi@azuriacapital.com

Joined June 2014

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Otavio (Tavi) Costa@TaviCosta

2026.09.06 17:59

A reminder: The mining industry still represents only about 1% of the entire global equity market. I do not know whether that share will rise to 2%, 5%, 10%, or even 15–20% over the next decade. But I find it difficult to imagine it falling below 1%. This, my friends, is asymmetry in its purest form for the decade ahead.