Rick Rule interview Palisade Radio
About his early career, starting out as a bouncer, confusing a bull market with brains losing it all and learning about cyclicality.
Trading optionality, buying assets uneconomic at current unsustainable prices. Doing nothing with gold in the ground. Look for rapidly declining G&A expenses. Dual strategy - high grade near mines NPV, increasing precious metals thesis intact so also look at optionality plays - speculative strategy large part of personal portfolio. Binary outcomes attractive. $100k to $20k or $2m.
Buy top quartile companies with no competition 5-15 fold returns. Full warrants 25 fold.
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