If you want to make a lot of money in a cyclical sector I think you will need to be OK with looking dumb. A lot. For a long time. If you want to look smart most of the time I think you will not make much money.

TIMESTAMPS:

0:00 Investing theory 30:32 Looking Smart vs Making Money 50:49 Noise noise noise 1:02:13 Gold vs Silver Producers

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