When has Rick Rule been wrong?Since the strong recommendation of Rick Rule (his "highest conviction" investment) is one reason we're invested in geothermal and RAM, let's look at his track record. Do any of you know of a Rick Rule recommendation, especially for a whole sector, that hasn't turned out well in the long run? That's not a rhetorical question, if you have examples please let me know.
Rule's been habitually early to the party, especially with silver and uranium, but he's made his investors ungodly amounts of money with both of those commodities. We're all probably a little early with geothermal but if RR's record repeats itself we're looking at 10X, 20X, 30X gains in the next 5 or 10 years.
Rule is also jumping into the next most hated sector next to geothermal, natural gas, with his 20% stake in Canadian Phoenix. Again, he's very early but he's going where the best values are.
Sure investors are still piling into gold but gold stocks aren't going to be 10-baggers in the near future. Geothermal and natural gas have the best chance for outsize gains and that's where we are. The risk is worth it.