Tradeahead to the bashers Always amazing how some bashers like to spend time here showing off their inability to grasp the discipline of investing. Some fail by looking backwards, some fail by looking at price instead of value, some fail by not seeing the forest for the trees, some fail by being emotional and acting on a perception of having been hurt years ago (really an inability to own their actions, and externalizing their losses rather than admitting to having made a mistake, and learning from it), some fail by following a herd, rather than doing hard work and proper DD themselves, some fail by being lazy and looking for shortcuts, some fail by not recognizing that the price is what you pay, and value is what you get, and that is not the same thing. And lastly some simply fail by using their time bashing, rather than using it productively to better themselves.
If I have learned anything in my brief time on the NVO forum it is this: There is a good reason I crush the markets: The competition wants to lose. Badly. Which is kind of sad, it makes it almost too easy, like taking candy from children, bordering on the unfair.
One year from now, when my NVO position runs at a massive profit, I wonder how you bashers are going to "externalize" that, rather than own your mistake. I am certain you will not own it. I already have a couple of possible ideas, of how you will attempt to escape the rational conclusion:
A) He just got lucky
B) Nobody could know that NVO would drill such massive g/t
C) It was pure chance that the HEMI deposit continued onto NVOs ground
D) QH could not possibly have known there was another Fosterville just next to Fosterville.
E) Nobody could have predicted the price of gold.
F) How was I to know, that NVOs massive optionality across 14,000 sq.km. would suddenly be discovered by the market.
G) Chance that the cashflow would grow that fast
H) Who could have predicted the massive rise in miners, certainly not @Tradeahead.
I) I was just following the herd. How could I know they had it wrong????
J) ....... and the list goes on, and on, an on......
All of those reasons, and those later invented of course, are all false.
The outcome is perfectly predictable, maybe not the details, but the overall outcome.