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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@MiningBookGuythanks @Newton! btw, i did get my copy of #Speculator in the mail, thanks again for that. just started reading--very promising start! Will hopefully get a review out before the 'official' release at the end of the month :) #HighGroundNovels
@NewtonWhat is the best moral system?
If God does exist, then we humans will not be able to transition to immortality and omniscience, for we will be stopped by those who have preceded us as long as humans think the ends justify the means, and are willing to use force and fraud. No god wants a god attacking them. So, no species with socialist and fascist tendencies will become a god, or join in the god realm, or join with God, depending on your religious construct. To join the realm of godliness, force and fraud must be extinguished entirely. Bernie and Hillary and Trump take us toward force and fraud. Their philosophies of force are the sine quo non of war. We can’t transition that way. Libertarianism takes us towards peace. Libertarianism or its similar philosophies, is required for us to advance to the next stage of evolution.. If we value life above all, then libertarianism is the best moral system. @johnhunt#dougcasey#speculator#liberty
@MiningBookGuybtw, I don't agree with a lot of stuff #DougCasey says. But I #think every time he opens his mouth! It's quite impressive, and who wants to be surrounded by people they agree with anyway?? Well, it's too bad he doesn't contribute at CEO.CA! maybe part of the horde of #lurkers here? no, probably has better things to do with his time/money, haha :P #Speculator
@MiningBookGuysome stuff on #mentors, personal note: clearly #mentorship crucial to both #AlbertLu and #DougCasey. i had TERRIBLE mentors...learned from their mistakes, but that's just like learning from my own mistakes.
I'm working on being a better #speculator. but really want to point out that you CAN do it on your own. i've heard the #mentor bit from so many influential people. maybe it's the best way, but didn't work for me. anyway, just need lots of trial & error & self-learning... hmmm, and then you wonder why i like #books so much? :P
@MiningBookGuy@Newton RE: CEO.CA Traffic Question #priceonomics - Not sure if this answers your question. But as a #speculator, any tidbits on the types of people are visiting CEO.CA, and what they're actually looking at is VERY valuable to me.
As a specific example where I don't expect to get access to the data, if I knew exactly how many people were in all the company rooms I follow at all times, that would be really valuable for figuring how which companies get traction and why. There are already plenty of clues for this. But a feature like that could be the equivalent to getting market depth for stock exchanges.
@AlanYeah good example of tagging @miningbookguy. Yeah I read his first three books but still have #antifragile to read. Very abstract ideas and beautifully written. Very challenging books and useful for #speculator.
@hunterThis is the time of year when all the "best of" book lists come out... and I am still buried in books to read. I used to consume a lot of books when I was traveling more, about half were audiobooks. Never tried @benjamincox tactic of listening at double the normal speed- that would put a dent in my pile! Haven't had a chance to crack open #Speculator yet, looking forward to it. #MakerandTakers is also on the top of my current pile.
@hunterI am hoping to crack open #Speculator this next week. Looking forward to it as it has caused so much buzz @bullmarketmove. Looks like there have been some great reviews posted at the #Speculator room. Hard to keep up with everything this time of year...
@Alan Yeah I've read #speculator. Fantastic book. But if you want the best books by #dougcasey, get his old stuff like #crisisinvesting and #Strategic investing. Been doing portfolio review today. I started speculating on August 2011 and during one of the worst bear markets on record in commodities, I'm happy that my education so far has been free.
@MiningBookGuy@Alan - i agree on all your points on #JimRickards vs #DougCasey, even for their general books, but definitely specific to #Speculator by Doug.
In terms of understanding gold right now and for the near future, I think #JimRickards books are the #1 thing out there. And the intersection of #geopolitics and #InternationalMonetarySystem ...Jim is still a leader there too. So you get a very different value. When it comes down to it, there are a group of authors that are 'essential' for specific areas...not that you have to read their books, but you definitely need to at least be aware of their ideas, because they have been so influential. Another one I throw into this mix is #JimRogers, which is even more of a foundation for my thinking/actions than Jim or Doug.
@Alan@bullmarketmove- I really like the outlook for #uranium. I own two companies in this space. I was early (again) with my purchases but I'm happy. I did well on $UEC at the start of the year just by pure luck and recently bought back at much cheaper levels. It's a clean, Base load power source and it's down something like 90% in last 14 years or so. Anything down 90% must be looked at reflexively if you are a #speculator.
@AlanGreat conversation between @leni and #dougcasey. This quote stood out for me: ' ld you say that you have successfully removed emotion from your speculations and investments, over the course of your speculating career? Why or Why not?
Doug: I try to, but it’s very hard to separate your rational mind from your emotions. In fact, when I feel like buying something or selling something, I say, “wait a minute, maybe I should do exactly the opposite of what I feel.” So, it’s very hard, but it’s important. If you start thinking that way, acting against your own emotions, it does improve your results because, as a general rule, you don’t want to be in what they call a ‘crowded trade,’ where everyone thinks, “yeah, this is going to happen”. Maybe there are actually good reasons why something should happen, and maybe it will happen. But, if everybody already believes that and is already long or short, there’s no profit in it, the profit is already gone. #speculator #http://www.juniorstockreview.com/2017/03/03/a-conversation-with-doug-casey-life-freedom-and-speculation/
@LeniI was first introduced to John Hunt last fall, when I reviewed Speculator, the first in a series of books collaboratively written with Doug Casey. Having followed Doug's work for the last 10 years, I was familiar with his connection to the Speculator story line, but I didn't know John or how his background and philosophy would have shaped the series.
I feel this interview provides a good introduction to John Hunt, the author, doctor and speculator, and I'm confident you will enjoy reading his comments - John doesn't hold back when offering his take on the current state of our society. It's thought-provoking to say the least. Read on! @Leni/a-conversation-with-john-hunt-author-doctor-speculator#DougCasey#newbies#Speculator@johnhunt#index
@Alan@bullmarketmove- thanks for sharing the interview with Nick. Really enjoyed learning more about him. Similar approach to myself. I like to find good people in bear markets, do some research and make a bet. This helps me become more likely to look deeper as I have 'skin in the game'. I don't hold as many stocks though as I couldn't keep up with that many. Thanks for the book recommendation too #thezurichaxioms. Never heard of it before. Yes the difference between a #speculator and #investing is one of my pet peeves. I think #dougCasey sums it up best and all his books are excellent. I consider royalty companies as investments as they are really finance companies. Looking forward to reading your next interview @bullmarketmove.
@AlanJust as the breakup of the Soviet Union had a good effect for both the world at large and for Americans, the breakup of the EU should be viewed in the same light. Freeing an economy anywhere increases prosperity and opportunity everywhere.
And it sets a good example. So Americans ought to look forward to the breakup of the EU almost as much as the Europeans themselves. Unfortunately, most Americans are quite insular. And Europeans are so used to socialism that they have even less of a grasp of economics than Americans. But it’s going to happen anyway.
Initially there’s going to be some chaos, and some inconvenience. Conventional investors don’t like wild markets, but turbulence is actually a good thing from the point of view of a speculator. It’s a question of your psychological attitude. Understanding psychology is as important as economics. They’re the two things that make the markets what they are. Volatility is actually your friend in the investment world.
People are naturally afraid of upsets. They’re afraid of any kind of crisis. This is natural. But it’s only during a crisis that you can get a real bargain. You have to look at the bright side and take a different attitude than most people have.
Once the EU falls apart, there are going to be huge investment opportunities. People forget how cheap markets can become. I remember in the mid-1980s, there were three markets in the world in particular I was very interested in: Hong Kong, Belgium, and Spain.
All three of those markets had similar characteristics. You could buy stocks in those markets for about half of book value, about three or four times earnings, and average dividend yields of their indices were 12–15%—individual stocks were sometimes much more. And of course since then, those dividends have gone way up. The stock prices have soared.
So I expect that that’s going to happen in the future. In one, several, many, or most of the world’s approximately 40 investable markets. Right now, however, we’re involved in a worldwide bubble in equities. It can go the opposite direction. People forget how cheap stocks can get.
I think we’re headed into very bad times. Chances are excellent you’re going to see tremendous bargains. People are chasing after stocks right now with 1% dividend yields and 30 times earnings, and they want to buy them. At some point in the future these stocks are going to be selling for three times earnings and they’re going to be yielding 5%, maybe 10% in dividends. But at that point most people will be afraid to buy them. In fact, they won’t even want to know they exist at that point.
I’m not a believer in market timing. But, that said, I think it makes sense to hold fire when the market is anomalously high.
The chaos that’s building up right now in Europe can be a good thing—if you’re well positioned. You don’t want to go down with the sinking Titanic. You want to survive so you can get on the next boat taking you to a tropical paradise. But right now you’re entering the stormy North Atlantic.
– Doug Casey
@Alan@miningbookguy- Yeah I see what you're saying. It was more 'dead at the end of 2015. Activity has picked up over the year. But in terms of how I feel, it feels like the end of 2015...especially when I look at my portfolio. It's crazy, I got into #gold and #silver at the top in 2011 and have bought all the way down. It's fair to say that after 6 years I've done pretty terribly as a #speculator. I didn't have a clue back then and got drawn into the mania. As of today, 6 years later' I'd have done much better if I'd of kept all my assets in cash and kept my house I sold in 2013, which incidently was at a interim bottom in house price. To add insult to my wounds, I was mining #bitcoin on my old laptop at less than a dollar. Now you'd need a supercomputer. They would of been worth millions if I'd kept them till today as it stands near $1600 a coin. These missed opportunities and serious losses have been playing on my mind recently. I even considered jacking this profession up recently. But I love this business. It's like a treasure hunt and I'm not quitting just yet. I just hope the last 6 years are a tough lesson and education in the investment and speculative world. I make less mistakes now for sure but those past mistakes stay with me and help guide my decisions now. Sorry for the ramble but I thought this experience may help people new to this game. @FundamentalAnalysis - Yeah I agree with you on $SII and $SSL.
@NewtonRick reminding me of the broker character from novel #Speculator with reference to studying the serially successful people he has encountered. Hard working and focused, of course. Pathologically curious, as well. Tenacious and stubborn.