Flashback to 2015/2016: Portfolio went down 48% in just a few months during the bottom grind. During the next 8 months it went up 500% and the return over the 11 month period was 212% even though I obviously didn't pick the exact bottom. #Perspective...
Continue reading » November 18, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies 4 Comments Confusing risk and uncertainty is probably the most common mistake I see investors doing. Confusing risk and volatility is another big one. Risk is not where the share price will go in the short term (unless you are purely a short term trader). High uncertainty...
Continue reading » November 16, 2020 admin Investing Strategies 1 Comment Yesterday I discussed Eskay Mining and NuLegacy Gold with Cory Fleck on Kereport.com which can be accessed HERE. Anyway, I got a bit inspired to explain my case on both in a bit more detail and Why I like Eskay Mining at C$151 M The...
Continue reading » November 13, 2020 admin Eskay Mining, Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, NuLegacy Gold, Uncategorized 1 Comment If there is anything that is certain in investing, and pretty much most things in life, it is that nothing is certain. When I see people using absolutes while at least indirectly making a case for or against an investment you know from the start...
Continue reading » September 29, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Novo Resources 4 Comments With the precious metal market heating up I get some emails and messages from people who are keen to learn about investing in this space. Contrary to most newsletter writers etc in this space I tend to focus on Investing Theory because I think it’s...
Continue reading » September 7, 2020 admin Investing Strategies 1 Comment I like this tidbit from the legendary Jack Bogle where he talks about the blessing of low prices (market corrections): … We all know everyone and their mother is always hoping for their stocks to go up today, tomorrow and the day after until eternity....
Continue reading » August 26, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Novo Resources No Comment People Access to Capital Project Pipeline … Simple as that in my opinion… Good people: Stewards of your money and will go for best “bang for the buck” Access to Capital: The ability to create value over time Project pipeline: The “event horizon” for value...
Continue reading » August 24, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies 1 Comment Time has value. An ounce in the ground is only valuable if it can be recovered economically. Thus, time to economic recovery is a big deal… What is the value of a project that is fully permitted, shovel ready and is worth $500 M on...
Continue reading » July 18, 2020 admin Gold & Silver Stocks, Investing Strategies 2 Comments I don’t need to hit a lot of ten baggers. I try to find cases where very little of any upside scenarios are priced in. If I am paying nothing for a project or target it can still be a 1:100 shot and I would...
Continue reading » July 15, 2020 admin Investing Strategies 1 Comment The following lines from Sun Tzu has stuck with me when I think about investing: 13. “He wins his battles by making no mistakes. Making no mistakes is what establishes the certainty of victory, for it means conquering an enemy that is already defeated.” 14....
Continue reading » July 4, 2020 admin Gold & Silver Stocks, Horseman's Portfolio, Investing Strategies, Uncategorized No Comment 
