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@Newton "The policies we are pursuing today, at large, will translate into dramatic increases in cost of living in the future..." yup, it seems clear!
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@Newton The generators and possessors of wealth owe a second duty. They have discharged their duty to society through creating utility, but they now have a special position to do something... (what exactly, rick?)
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@Newton Nice comments around winners and losers here.
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@Newton Makes me think of how important it is to have alignment between what you're doing and your passions. Importance of being in a place where you can deliver top performance. That is almost a duty you have to society...
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@Newton "Do your best through truth and courage." veritatis valore optime agis.
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@Newton http://cdn.ceo.ca/1bpsk7e-IMG_20160730_170608.jpg+ "libertarians are losers, sorry". Good work Albert lu! Doug and Rick taking it like champions.
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@Newton Wow, Rick commenting on pitching the Stanford University Endowment. He asked to meet with top analysts, only people who could make a decision. The four people who met him were women from south east Asia. Wow!
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@Newton Illustration of corporate social opportunity with keeping females in fold of company around childbirth... wow! Visionary. Not new, but original.
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@Newton Next up, education! Well, those schools are wonderful proof of durability, but it takes 5 years to turn MBA grad into business person! Need to improve education for our own economic needs, but also an opportunity. Example of Sprott global posting 200 hours of content online.
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@Newton Four reasons for educational material on Sprott site. 1, big well educated clients. 2, branding. What are other 2? I'm gonna have to come back and get those out of him here. These are close to some of things I've been thinking about recently. The online presence of company gives way to do some exciting outreach activities...
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@Newton "Respect communities". Wow, I bet Rick has some powerful things to say to first nations communities! I see you @allan!
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@Newton "To the extent we participate with institutions like liberty.me, the young people at Sprott global seem to feel involved in something bigger. The opportunity part of cso is a big deal for motivating team. Not just building team outside, but also within the company..."
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@Newton "Quartermain is a social crusader. May not look like it, but he is. First mine in Andes, had to teach people how to operate heavy equipment. Found out that women drove heavy trucks right, but men didn't. Ironically, Bob was criticized by ngo for disrupting local employment conditions. Fast forward to today, brucejack on land that is in claimed ancestral territory of three bands. Common sense, Bob learned local language before went to first of three nations. Said thank you in their language. Next, he employed them. Helps create social license and good economics. Problem is pipeline of training of people from the nations. Now 40% local workers."
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@Newton Did a sweat lodge! Wow. Great cross cultural meetings. Beer. Fishing!
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@Newton Thank god I caught a couple fish. Said Bob. And the chief said thank god Bob caught a couple fish. Not a first nations and white guy, but friends. No obligation, pure opportunity.
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@Newton That is simply amazing. I had some business lead with Bob last year. Founder of company took the lead from me and said he would do it. Told me to stop trying to build communication with him. That was a huge problem for me. Part of reason I actually left that startup fund! I knew something was wrong, knew you had to approach Bob differently with a sense of opportunity and outreach. Amazing to see that reflected in this story from rick.
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@Newton Sadly rick will be cutting rest of speech to take questions. Too bad! We have time for q+a at the picnic, let's keep going with the speech here boss!
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@Newton "You can lay a whole bunch of cool messages into hype on junior investing lessons..." personal opportunity around preaching libertarian values in day job...
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@Newton Just great http://cdn.ceo.ca/1bpsll2-IMG_20160731_125032.jpg. Wait to see the video recording y'all!
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@Newton The Q&a is here. This guy iis going up first. Is there going to be a question? Or just stories and random ramblings. Come on now!
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@Newton Would love to see Bob at this conference next year.
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@Newton I think a lot of people from Sprott conference should come here. Wonder if it's also possible to have a small "morality and capitalism" satelite(?) conference at the Sprott event.
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@Newton Advertorial works. Give away basic information with hope of selling a "branded conclusion". There is a huge market for libertarian ideas, but you can frame it as a general idea. Need to make it specific to things that stimulate greed.
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@Newton Building morale within organization by allowing political expressions hidden in in investments. Occurs at Sprott as well.
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@Newton Wow. We are done! Great week of ideas and friendship. Looking forward to picnic, although will go to pride briefly before.
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@Newton Can't believe it's symphony splash tonight in vic too!
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@Newton Michael Hastings
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@Newton Pride! Carnival! Vancouver!! http://cdn.ceo.ca/1bpspg4-IMG_20160731_135619.jpg+
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@Newton "Alberta voted in ndp and now we're going bankrupt!" wait, what? How the hell did you manage that? Bankrupt?! You've been the damn engine of the country for years and now talk of bankruptcy? That would be an achievement.
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@Newton #feedback is it possible to "freeze" a panel or something? I don't want to delete it, but also don't want to see it as a live panel anymore.... @tommy
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@Newton Also, looks like some massive conference effects here on key stocks from event. I don't really like that, partly because means people smashing offers and partly because of my positioning. All good. Crazy conference full of good leads.
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@Newton I went back and listened to Rick's speech from 2013 "are we having fun yet?" at this conference and very interesting. Really important to have consistent beliefs/actions in midst of long term market movements imo. Helps keep you in positions...
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@Newton Thanks for comments @turnpiker!
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@Newton Good summary of Adam Travis points $CXO. https://ceo.ca/@turnpiker?945a425e747e. His session was great imo. Well-constructed speech full of info for variety of types of audience members. Something for everybody. Great to see him fitting in well with good company.
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@turnpiker @Newton Thks for the invite.
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@turnpiker Marin @Katusa at the Sprott Symposium: On the oil side, Shale 2.0 just started. Refracking the fracks. At $50 oil, a lot of oil will be produced. No shortage of oil. Be careful. Talked about uncompleted Bakken wells, can be completed in 7 days (and go into production). News media gravitated to rig counts, is like counting Blackberry cellphones (when market is taken over by Andriod phones.) The new G4 rigs with technologies allowing to accomplish more. And the data power, function power. 10 gig data every ft of drilling, delivered real-time to office in Denver… Halliburton developing humanless fracking. Pumping (in fracking) 4 time versus four years ago. Strait of Hormuz & Strait of Malacca are choke points. 70% of global oil going thru these 2 places. More nationalization --- change of tax code. Uber rich guys control the governments (of some of the oil producing countries) --- financial warlords.
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@turnpiker Marin @Katusa at the Sprott Symposium talked about technology also coming to mining. ‘Autonomous Driver’ ore delivering vehicles. Eliminate human errors. Mine (he may have referred to $CUM) installed electronic system, paid off in 2.5 months. There were 2 roads, one to the dump, one to the ore pile. Drivers drove the wrong road, ended up ore went to the dump. Now, computer kicks in and warns the driver. He prefers female drives; male drivers drive too aggressively.
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@turnpiker Marin #Katusa of course not shy again touting him & Doug Casey having $30M in $BRI - his biggest holding among exhibitors in this conference. Next year he expects gold would be at $1,400 -1,600; if that, BRI will double from here…
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@Newton For what it's worth, Rick's speech on Sunday at #MoralityAndCapitalism was a stand-out of the entire week. Watch for it on youtube, will be available in full for free. From the heart and to the head! One of the better speeches I've ever heard him give.
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@turnpiker At the Sprott Symposium & at the MoneyShow a week earlier, Rick #Rule openly stated that he has been selling stocks in the last while. He cited the example that Golden Predator went from a market cap of $3M to $40M with nothing changed… But of course, perception has changed, level of greed has changed. Go back to Rick's article dated 8/28/2007 Contrarian or Victim, the Choice Is Yours http://www.24hgold.com/english/contributor.aspx?article=815570418G10020&contributor=Rick+Rule “5) Many of the “players” are momentum driven. These traders are market players, traders who are often unknowing and unconcerned with industry or company specific fundamentals. Competent traders are good for markets, they add liquidity and if they are canny and disciplined, can make a fortune. But that’s a big “if”. Most of the momentum players are as apt as the fictional husband in our tuna story, and as likely to experience success. They rush into “up” markets, overpaying for instruments they don’t understand, and crowd out of down markets, liquidating the good with the bad. Every great party results in a great hangover, and this week we all have headaches. The “sorting out” will be painful but profitable. The lessons learned, if learned, will be invaluable. The factors that caused the euphoria in resource markets earlier in the year are still present, they are just available at a discount. We need to learn to profit from cyclicality, not become its victim. We need to cherish volatility, not fear it. We need to remember that there is no commandment from God that says we must emulate the stupidity of the mob. We must use liquidity, and avoid being used by the “fee whores” In essence; we must employ common sense, and buy financial assets on sale. @tommy/sprott-conference-guide @RickRule
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@Newton #Preach @turnpiker! Take em to church!!
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@Newton #grateful that didn't hear talk of #lithium at Sprott conference.
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@Newton Shout out to #MinesMoney from ~Sprott-Symposium-2016!
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@Newton I see you @nickzed
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@Newton I see you @nickzed
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