IKN

a plague o both your houses

Mailbag

This from A. Nice. Reader regarding the Joe Mazumdar presentation yesterday, found here on the blog (and still well worth your time). 

Great post on Joe Mazumdar’s speech “Don’t get fooled again.” Lot of
good advice in there, thanks. One of my favorites: “Keep looking at
every new press release [from a junior] and see if it negates your
thesis.” It would make sense too, that in the junior mining world,
generally speaking, every new piece of information points to INCREASES
in odds of that project failing. Most press releases will negate your
thesis, since most projects fail. Instead most investors come at each
press release with confirmation bias and try to make the facts fit their
theory or explain why they are already up 25% in the stock and its the
next 10 bagger. I’ve done that once; once and never again! Your blog and the Ottotranslator have certainly helped me sharpen
up and its paid off considerably, in both dollars made and in an even
greater amount of dollars avoided being lost. I can’t stress that
enough, avoiding big losses is really the name of the game over the long
haul.  Anyway, keep ’em coming!
Thanks. And yes 100% agreed, avoiding the losses is the long-haul trick in this crazy sector.

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