Give everyone your opinion

From the lens Doug Casey, the international speculator.

Misunderstandings can occur when service provider and user have different methodologies.

Casey Research explores available information, talks to principles, and walks properties "kicking rocks" -- they will suggest several opportunities expecting their readers to spread risk by choosing several. If someone reads Casey's research and then buys only one stock because they like the story, they're not following the advice they paid for. Eventually one of the stories will turn out bad, you want it balanced by other stocks that do better than expected. Over investing in one dangerous speculation eventually leads to gamblers ruin. If someone goes broke, following only part of good advise, they will still blame the advisor.

My take on the basic technique: try to find ten non-correlated speculations that have the potential to climb at least ten fold. Some will fail, some will maintain, and a few might climb to well over their 10X goal. If you put all your money into one or two correlated investments -- you're gambling.

Loading poll. Please Wait...

by

BFuniv.com

Allan R. Wallace Trains Visionaries

"I just might be wrong; but if you view change as a problem rather than an opportunity you'll always be too late....
more »

Feeling creative? Create a Lens!