Rick Rule Reveals Why Billionaire “Eric Sprott Laughed and Corrected Me”
Rick Rule, CEO of Rule Investment Media, shares his extensive experience in portfolio allocation within the natural resources and precious metals markets. Discussing his personal investment strategies, Rule emphasizes the importance of understanding one’s own risk tolerance, time preference, and goals. He shares anecdotes about his successful and challenging investments, including his interactions with industry icons like Eric Sprott and Adolf Lundin. The conversation covers various topics such as the current state of natural resources, the impact of geopolitical tensions on the markets, and the importance of thorough research and patience in speculative investments. Rule also provides insights on the upcoming Rule Investment Symposium, offering a comprehensive view of what attendees can expect. Overall, this episode is a deep dive into the nuances of mining stock investing, enriched with practical advice and personal experiences from a seasoned expert.
00:00 Intro
00:47 Insights on Portfolio Allocation
05:04 Contrarian Investments and Risk Management
10:28 Junior Resource Company Management
14:54 Impact of Global Conflicts on Resource Markets
18:45 The Role of Luck in Investing
20:41 Optionality in the Gold Market
24:46 Production and Expansion Strategies
27:25 Overcoming Fear in Investing
31:41 Preview of the Rule Investment Symposium
36:34 Conclusion and Final Thoughts
