Street Smarts

An ounce of practice is generally worth more than a ton of theory. - E. F. Schumacher

Life is a school of probability. - Walter Bagehot

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford

The smart investor looks for opportunities to acquire value on the cheap, with one eye out for a dynamic change in the offing that might make that investment even more valuable.

- Jim Rogers, Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market

Hopping on NCTC Bus 309 with TREK bicycle on rack heading to work at Taylor Made Golf had a new feeling of freedom.

There was a day when I arrived at Morgan Stanley in the wealthy beach town of Del Mar, California to my Cushy office with a coffee and enjoying the markets from a desk top computer.

Life now post San Diego jail was a 9 hour day of shipping systems for a global athletic manufacturer.

Experience, passion and research can add to conviction when applying speculation to one’s portfolio.

Buying the Ego…

A small gold company experienced a bust run by one of the most serially successful mining luminaries in the industry. Given the cloudy outlook in the sector one could actually buy Ross Beaty’s company for cash during the heavy institutional sell off… Institutional investors must have $1M liquid to participate in private placements. My balance sheet was a Trek bicycle and 2 cash flow properties in South America [one small surf house eventually to be lost in the sea].

The Book Front Runner is an amalgamation of lessons learned > Key Reference Manual for younger people looking to become contrarians.

Markets may become more volatile. We do not create the storm systems. It’s up to us how we ride these waves.

Understanding Intrinsic Valuation on the way to finding favorable probabilistic opportunities.

Prospect Generation > Royalty model. Pure Math. People & Situations is an Art. Triangulation > Ensure to comb over Capital Structure.

CIAT - Data is the New Oil

Mining Data priced at Scrap

Intellectual Capital Company

Riding the bus buying Anfield Gold - Ross Beaty for cash.

Too small for private placements - where is Margin of Safety and Hated Assets [contrarian philosophy - straw hats in winter].

Macro now too large for all to ignore > Perfect storm

Understanding market cap

CAPITAL STRUCTURE - PEOPLE

Great people do things with marginal assets - Bad people can destroy great assets.

Isolating myself to my bicycle and phone. Low G&A. All about daily growth physically, mentally and spiritually. Positive P&L sheet.

Doing Nothing - Jim Rogers

Remain Positive > Solutions 

Cycles

Riding the ultimate

Slow yourself down

Signal Noise

Doug Casey Speculation

Marc Faber - Tomorrow’s Gold

“The Market is not to be conned”

Introduction to gold as an asset happened in Frog’s Fitness, Solana Beach California in October, 2001. The individual noting opportunities later sent a website straight talk on mining dot com to help better understand the process of the extraction industry. Owning my first discovery company was pure luck which assisted with the purchase of our cafe property in Manantiales.

Assisting a mentor with the renovation of a historic building in Montevideo in December of 2002 opened my eyes to another world with would be a mission piece to the canvas of an artistic goal.