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
Very good information. I think it would be helpful if when you talk about companies that you mention what company it is. I don’t believe that it should be a secret. Full disclosure equals trust.
Thank you for listening and commenting. Process and principles are applicable and more important for long-term success than naming a name. If I do mention a company by name I will disclose any conflict (ownership / sponsorship) if a conflict of interest may exist. Cheers