Resources
Jamie Keech

Mickey Fulp: the Mercenary Geologist

“I know the CEO of every company I own…… Looking people in the eyes is very important. I have a few trick questions up my sleeve that will separate the pretenders from contenders.” Mickey Fulp runs a newsletter called the Mercenary Geologist, it is a large well-established newsletter in the mining industry, funded primarily by the companies covered.   Before writing a newsletter, Mickey worked as a reservoir engineer, an analyst, and a geologist. All of these experiences led him down

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Greta Thunberg Sailing Towards Public Criticism

Move over Tom Cruise, Scientology is no longer “the bomb”. Instead, we’ve a new religion in town. So grab your vegan dinner, and book your yachts, because this one has all the basic human traits that make religions successful. Professor of Psychology, Steven Reiss, over at the Ohio State University, who is the author of The 16 Strivings for God, found that there are 16 basic human desires that all “successful” religions manage to satiate. It is these basic desires

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The Ultimate Cognitive Dissonance Trap was Just laid

From wikipedia Cognitive dissonance – In the field of psychology, cognitive dissonance is the mental discomfort (psychological stress) experienced by a person who holds two or more contradictory beliefs, ideas, or values. This discomfort is triggered by a situation in which a person’s belief clashes with new evidence perceived by the person. When confronted with facts that contradict beliefs, ideals, and values, people will try to find a way to resolve the contradiction to reduce their discomfort. Someone stuck these

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General Investing
Chris MacIntosh

Social Inequality – Eat The Rich. THIS is How We Get There

A popular story told is that inequality is a bad thing and brings social discontent. That’s the wrong way to look at it. Inequality itself isn’t the problem. In fact I’d say it’s necessary for society to progress. Let me explain. When we see our fellow man working hard and reaping the rewards…we think to ourselves. “Damn, what a legend”. Silently, we may envy him, but really, we know that if we’re to be honest he(or she…not being sexist, you

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Resources
Jamie Keech

Finding the Best People & Betting the Jockey

The overarching set of skills that makes someone great, that lets them outperform their peers, perhaps exponentially, are: Do they have a track record? Have they spent time in the trenches? And, do they have emotional intelligence, are they self-aware? There is a prevailing ethos in the mining sector of “bet the jockey”. The idea being that if investors put their money behind great people success will take care of itself. But, how do we identify great people? Answering this

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News – What are we reading?

Welcome back, I hope that you are all finding these articles as interesting as we do. This week we will only be discussing three articles as two of them are a little bit lengthy and one is an interview. Here is what we found exciting this week and some thoughts it stirred up. What I Learned from Losing $200 Million This article focuses on an oil trader with a physics Ph. D. and how he managed his models, portfolio, and

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News – What are we reading?

Hello RI subscribers, we’re going to be sending out a brief weekly update about what we are seeing in the news. We know you already have enough going on during the week, and don’t want to bog down your brain any more before heading into the weekend. So, we promise to keep it short and sweet with only a few lines of commentary surrounding each piece. Here is what we found exciting this week and some thoughts it stirred up.

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General Investing
Chris MacIntosh

Recency Bias: How Investors Are Going To Get Screwed – Again!

While indulging in a most delicious barbecued steak washed down by a lovely South African red a couple weeks ago a friend was telling me about a recent seminar he attended. As a senior executive at a Swiss private bank he regularly attends these things. The topic. “How to invest in a volatile market.” The suggestion: Buy USD, CHF and JPY. The kid (he was in his 20’s) who was delivering this presentation to a room full of bankers proved

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