“The first thing to do is go to work for a total, total, madman and absorb that intensity yourself. When I look at the common point among these geniuses who have become successful, and other geniuses that I know who have become moderately successful, but not billionaires, the difference is passion and intensity.” — Rick Rule
A Master In The Resource Space
Rick Rule (@RealRickRule) is the President & CEO of Sprott US Holdings Inc. He has dedicated his entire adult life to natural resources securities investing and along the way, he has developed a truly unprecedented global network of contacts in the natural resources and financial sectors.
Today, Rick leads a team of earth science and finance professionals who enjoy a worldwide reputation for resource investment management. He is particularly active in the private placement markets, having originated and participated in hundreds of debt and equity transactions with private, pre-public and public companies.
Rick is a true master of the resource space. And in this conversation, we dig into how he got his start and what he sees as the biggest opportunities for today’s investors.
In particular, we discuss:
- The importance of building a constituency
- The path from Vancouver bar owner to international speculator and investor
- Rick’s early mentors and how he almost ended up as a tax lawyer
- How Rick chooses which teams to back
- The value of working for a madman
- Why Rick personally invests in private placement deals and why he considers this catalytic capital
- Why the lights are going out if the price of uranium doesn’t correct
- And much more
Listen to my conversation with Rick Rule here:
I had a great time chatting with Rick and there are a lot of great takeaways for both for investors and entrepreneurs in the natural resource space.
PS: Rick has offered Capitalist Exploits readers a sweet deal. Send him a direct email to firstname.lastname@example.org and include your resource portfolio (name and ticker) and he will personally rank your portfolio and send it back to you free of charge. A great opportunity to learn from a master in the space!
PPS: Are you an accredited investor and interested in investing together with the Capitalist Exploits team? Chris and I are currently putting the finishing touches to a service dedicated to investing in the very best private placement deals in the resource markets. Sign up here and you’ll be the first to know when we launch.
“You get rich by generating value, not through consumption.” — Rick Rule