Moving from Carry to Anti Carry
A Dedicated Name in Natural Resources Investing
About

What We Do

An investment Firm dedicated to researching and investing in the natural resource industry. We have 46 years of combined experience.

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Team

Who We Are

Our Firm was founded by Leigh Goehring and Adam Rozencwajg, who previously worked together at Chilton Investment Company.

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How To Invest

Goehring & Rozencwajg are renowned not only for their research but also for their expertise as investors. If you'd like to learn more about how to invest in our fund, we invite you to visit our fund website.

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Blog

Latest Blog Posts

Venezuela's Crude Reality
January 8, 2026

Despite vast reserves, Venezuela’s heavy, sour crude requires massive capital and high oil prices. A meaningful production rebound is unlikely below $85–$100 per barrel.

Video: 2025 Q3 Commentary Recap
January 7, 2026

In this 7-minute video, Adam recaps why the “Carry Bubble” era may be ending. Gold led the last commodity bull market—could oil be next? Natural resources remain under-owned.

Gold vs. Oil
December 19, 2025

Gold’s bull run continues as oil emerges as the next undervalued leader, echoing past commodity cycles and shifting investor opportunity.

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We publish a Quarterly Commentary that is read by over 10,000 professionals. We regularly publish blog posts and appear on many podcasts and television interviews.
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