#63 Rick Rule | Exposing the Speculation Game: Why Most Investors Fail & How to Win
Mining magnate Rick Rule sits down with Denis for an unfiltered deep dive into the art of speculation, the biggest mistakes investors make, and how to separate winners from losers in the resource sector. With decades of experience ranking over 100,000 portfolios, Rule reveals why most speculators own too many stocks, the critical role of management teams, and how the Pareto principle applies to mining—where 20% of companies deliver 80% of the returns. He also shares why patience, perspective, and contrarian thinking are the real keys to success in this cyclical and capital-intensive industry. Does the number of speculative stocks you own in your portfolio correspond with the number of hours per month you spend studying stocks?
Hi Rick, always a pleasure to listen to your accumulated knowledge & wisdom. You reviewed a portion of my portfolio recently. Yesterday I bit the bullet & sold 14 of the worst performers that still had some value in them. I topped up 11 of the winners & added your Alamos Gold & SSR Mining. Thanks again for your kind review.