Remember that sentiment goes from bad to good and good to bad… Always.

Remember not to judge your long term returns based on a peak or during a bottom.

Remember that Price is what you pay and Value is what you get.

Remember that the best future returns comes from buying low when sentiment is bad and Prices are cheap.

Remember that a bottom is supposed to look/feel bottomless.

Remember that every previous time it felt “hopeless” the next upswing always came.

Remember that most people are not very rational when it comes to investing.

Remember that the market is short term orientated.

Remember to have a longer investment horizon than the market.

Remember that your are buying actual projects, people and gold/silver in the ground.

Remember that the mining sector will not disappear since humanity uses more metals each and every year while discoveries are going down.

Remember that time is on your side since the supply/demand picture is in a positive trend.

When you have reached a point where you get greedy at bottoms, because you know that a dollar invested is going to have outsized long term returns, then you know you have pretty much “solved” investing.

3 thoughts on “Ebb And Tide

  1. Marshall says:

    Any one of these maxims could be taped to my computer screen as a reminder.

  2. bonzo barzini says:

    Every dog has his day.

  3. Kevin says:

    Excellent Post!

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