OTCPK:LYDIF - Post by User
Comment by
Ainsworthbillon Oct 09, 2013 4:34pm
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Post# 21804584
RE:RE:SimmonR
RE:RE:SimmonRLet's take, for example, Rule pick and oil company: RPL. Of approximately 20 companies involved in the Viking formation. RPL has performed the WORST. A blind draw would have beaten Rick Rule 95% of the time and tied the other 5%.
By your implied metrics, Rick Rule can NEVER be proven INCOMPETENT because any wrong pick is simply "market conditions". RPL was NOT market conditions---it was horrible management. LYD was also horrible management as their proposal was environmentally unworkable. Horrible management is predictable.
Says Rick Rule, " In order to pick the winners, he says, you must have the ability to view the entire field as a spectrum. Each management team will fall somewhere on the spectrum – most around the average – but those on the higher end of the bell curve become exponentially more valuable. So investors should seek to determine the quality of the management team independently of the value of the current project they are undertaking"
Geez, Rick---try taking your own advice.