Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Win/what Munger is saying is,if you have an investment life of 50 years,,you will only have a few opportunities to invest in the 10x,,20x and if your really lucky the 100x,,for every Microsoft theres thousands that go bust,,the only place to find them golden nuggets,,is in small growth stocks that are under 50M in m/cap,,but of course their the most risky,,also they are not an overnight success they take normally 10 years to mature
The best strategy to find a greater chance of success is to get close to the target.
No use throwing money around all over the show.
Oddly, one thinks there is truth in both your comments, gents.
Maybe target the best opportunities, but keep an eye out for those rare lucky finds of a lifetime!
Same goes with choosing a mate perhaps!
You’re so deep sometimes, Tricky .... lol!
I am not so arrogant as to believe I'll know what tomorrow may bring.
That being the case, after studying, buying and selling stock in numerous companies in this space over the last 21 years, I (rather recently) carefully assessed the fundamentals of a total of 6 players in the CTV space. I invested heavily (for me) in four that I believed to be the most promising that had yet to run up to what I felt were astronomical values. Those being, in order of investment Dollars allocated, were MGNI, PERI, TRMR.L, and Acuity.
I also invested a bit into PUBM, and a tiny bit into TTD, just to see how that one played out.
So far my worst performer is a triple (Acuity Ads). And that's in a few months. I still have no idea which will be left standing at "the end", should that come, but I wouldn't be surprised in the least to see my 'losers' acquired at a level above where they now stand. Or they could go broke over the next decade. I've no idea.
BTW: My Magnite, the one I had the least confidence in, is a up 14.46 fold from my original average purchase price (this at today's closing price of $51.63) . I sold a bunch at $6-$7 to re-deploy both here and in PERI last summer, so I've actually taken around 105K USD out of MGNI and still have 46,000 shares remaining, free and clear. That tells me I've no idea I was actually "close to the target". Why did I not know I was actually on target with MGNI? Because I didn't know what the future would bring, that's why.