Junior Mining Volatility, Opportunity Cost, Overthink & ‘It’s Cheap Enough’ – Powers & Leni Discuss

In this month’s Junior Mining Insights discussion, Bill Powers and Brian Leni discuss the topics of recent junior mining volatility, opportunity cost, overthinking and “it’s cheap enough.” The duo shares their investment psychology, observations of sector participants, first-hand experience, and real-life stories from their own lives and portfolios. Bill and Brian also reveal a few books that they have recently read.

00:00 Intro

00:22 Portfolio volatility

02:14 Handling Big Drawdowns

05:24 Signal Versus Noise

09:01 Bias and Vetting Ideas

11:15 Overthinking Pitfalls

17:11 Process Builds Confidence

19:32 Portfolio Allocation and Greed

21:37 Cash Flow and Real Assets

23:54 Opportunity Cost and Priorities

27:19 Books and Uruguay Trip

36:43 Cheap Enough and Valuation

40:49 Luck Versus Skill in Wins