Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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"Last year Tesla went down to around 100, then went up to 300, it's down to around 200 now, these kind of price swings are normal for the high growth companies that SMT invest in. NVDA and ASML are flying high at the moment, but they too have similar price swings."
Such volatility is normal for growth companies with much more modest market caps. However, here we are talking about companies with market caps in the hundreds of billions of dollars. NVDA currently has a market cap of almost 1.5 trillion dollars! That's almost half of the UK's GDP!
Last year Tesla went down to around 100, then went up to 300, it's down to around 200 now, these kind of price swings are normal for the high growth companies that SMT invest in. NVDA and ASML are flying high at the moment, but they too have similar price swings. Wait for the stars to align and a higher percentage of the holdings will be flying high, then SMT will fly high again for a while, it's what it does, over and over and over again.
Tambo 210. Ok, I accept it's a bit convoluted, but I get what he is saying. He is basically saying that it is more important to procure the future success stories than those that don't blossom.
It makes sense to me and I believe it to be an honest statement that reflects the attitude of SMT.
How do others read it?
Https://www.telegraph.co.uk/money/investing/what-happened-scottish-mortgage-investors-nurse-losses/
Love the comment:
"“Some investments will work, and some won’t,” said Mr Burns. “I feel far worse about the really successful private companies that we didn’t own than I do about the few that we had and that didn’t work out.”" - Huh?
You literally put my name in the heading... but ok
Captain Picard
I didn't have you specifically in mind when I commented so please try not to personalize or take offense.
I have been in for over 6 years. Have not sold any shares or made any knee jerk reactions! I am just stating my opinion... sorry if you dont like it.
Mr Captain and Mr Frogster
There is too much knee-jerk reactionism these days. Day-trading, short-selling and profit-taking.
The message for SMT repeatedly is a 5 years minimum hold and a stomach for volatility...ad nauseam.
Not exactly Captain - volatility is inherent with SMT, it's laid out in all the risk disclaimers and if this isn't for someone, they shouldn't invest. Much the same as you might not like to get in a car with the manic driver.
Basically like a poor driver saying we will arrive at the destination "eventually" just don't criticise the manic driving!
Https://www.thisismoney.co.uk/money/investing/article-12959153/Scottish-Mortgage-chief-Tom-Slater-defends-giant-soared-like-rocket-plunged.html
https://archive.is/7wdGq
Something positive for a change for someone named Weinstein! 😂😂😂😂
Nice work!
Apologies mistake start of my last post.. interesting that it's ok for Israel to behave this way and not Russia... Different circumstances, sure, but mass population slaughter and invading/subjugating any country doesn't seem to have much excuse in my mind :(
Interesting how it's ok for Israel to do this kind of thing but not Israel. Sure, Israel were heavily provoked, but the Gazan body count is nonetheless staggering and it's now clear (as most of us thought in the beginning) that Israel's aim is to annihilate the innocents as an easy consequence to eradicating Hamas.
Whichever way you look at it, it does seem to me to amount to little less than genocide and I do wonder how this can sit with consciences given the events of nearly 80 years ago.
At least Putin is taking at least slightly more care of human lives, although I am personally convinced of the big Israeli benefit of land to spread into once the job is done. It's just got to be a factor in their thinking given their infringement on Gazan territory over a great many years.
It seems if a country has economic worth and is an ally to the West then they get supported despite their acts. Given the "anti semetic" ace card that somehow seems to be played despite religion and race being completely irrelevant, I guess they have become a difficult country to criticise
I have to admit I'm a bit angry and cynical as goes it all there right now, and if I see the injustice in it God alone knows the level of resentment this might be likely to release in countries like Iran, for example.
Getting off the politics and ethics (apologies), as I've stated a few times on here over the last year or so, the world just has too many people in it now, and I feel this to be the biggest threat to the investment world right now. No room to for countries to breathe or flourish as in the past and conflicts becoming more likely..
We couldould be that the golden days are in fact over
There you go...oil up 4% just as I finished the last sentence...
Mr LLL
I concur. absolutely agree with you. Another energy shock would derail all the deflationary work governments have worked hard to achieve in 2023. UK always seem to be the Jack Russell Terrier at Americas heals, ready to follow wherever it goes. I am feeling rather gloomy about the potential for another shambolic conflict. I also have held the view that US wants to take take Iran off the global chess board. A power vacuum that would only be filled by something just as malevolent if Afghanistan is anything to go by.
Walp - agreed. The article MrA linked to suggests that in the UK, some of the big players will absorb any freight price increases for now at least. It specifically refers to M&S in this regard. But the Red Sea conflict will still have some impact, as Next & Tesco both pointed out. In Next's case, if only to prevent them reducing pricesc this spring.
The bigger worry is that things might escalate & broaden. It concerns me when the UK hooks up with the US to mount any military attack. Particularly when both nations are building up to elections, so want to be seen to "act tough".
History suggests this doesn't always end well. And regardless of them suggesting yesterday's strikes were a one-off attack, mounted in self-defense, I simply don't buy that. The last thing our global economy needs right now is another energy price shock. And yesterday's actions by the US & UK have slightly increased that risk IMHO.
LLL, I just came on here to reply exactly the same thing. I feel sympathy for the plight of Gazans as Israel would obviously love to "cleanse" the strip of them on both a confrontational, security and economic front (and of course it seems if we are all honest that this is what is happening).
I would have preferred rather than strike back at Houthi targets if the West had brought sanctions against Israel as concerns their wholesale.
The consequences of this I worry is that the understandable sympathies for Gaza in the middle east may help the fans flame. Fingers crossed for both the Gazan people and economic fortunes that this doesn't go awry.
MrA - I’d say that largely depends on how long the issue lasts.
If short-lived, it may well be absorbed within the supply chain. Longer lasting & the costs would have to be passed on.
Geopolitical issues in the Red sea are going to lead to a rebound in global inflation unfortunately.
Pivot Party ABORTED! I repeat ABORT! Thanks US CPI.
Pivot party squarely back on with predictions inflation will ease faster than expected. Will be interesting to see US CPI figures today.
interesting re amar bhide, but i'm surprised an investment amounting to 40k or so chiseled down by obvious & endemic factors would get someone sour enough to kick off in the fashion he did given his likely level of renumeration within the trust.
i think we will never know, although i guess it might have added to his attitude i suppose.
either way, it didn't help the share price much given the way the media immediately pounced on it and publicised it so negatively (no doubt fueled by the resentful bhide himself).
fairly unprofessional i might suggest. hopefully the door smacked him on the **** in his way out :)