Rick Rule2 Jul 2024 10:10
Rick Rule was interview by Stockbox yesterday. When I first saw the link via Market Musing it was in audio form but later they also had a Youtube form. This interview, folks should listen because it tells HOW RICK RULE STARTED out and how he made it. But it shows that Rick Rule did not have a BSc Quantitative Analysis degree or fund management qualifications etc. But how? Rick himself tells how as a bartender he listens to people talking and therefore I assume he became aware of stocks. So, how did he learn? I recall he was taken under the wing of 1 expert. As Rick said, people wont put in the TIME but for him , it is HIS JOB. So, he will be CONTINUALLY learning.
From what I hear of HELPFUL, I doubt he has STOPPED UPDATING from the time he passed out of his BSc in Quantitative Analysis. In fact, just a degree gives STRUCTURE but even that has to be UPGRADED. Just structure ie ACADEMIC is also lacking in DATA that is REAL TIME. All must come together and that is also OBVIOUS IN RICK RULE. Lastly, one must pick a specialism eg resource. Rick also said so and he does not do all ranges of co's, hence why I asked Helpful last night WHAT SECTOR of £147 to £1m? Again, it shows that NOT HAVING MONEY is no excuse as some of these young lads with US$500 made it to millions. The secret is in the MULTIPLE. Again, if it is a LOT OF MULTIPLES to be done, it is harder as Dan Zanger said as the difficulty is to get pass $100k. Just like horses, it is hard to get 5 BACK TO BACK RIGHT. But 1 right, maybe, much easier and for that it then has to be a BIGGER MULTIPLE. I said that CAPITAL NEED NOT BE A LOT. Small capital can be SAVED slowly , hence why there is a poster in the old days called BORROWFUNDSFROM MUMMY and he wants to make £1m or £500k from £500. The other day, I saw the name on Twitter so most have migrated to Twitter to save the constant to and fro on forums?
Lastly, exception should NOT be taken. If one DECLARES one is an "EXPERT" on any forum, EVERYONE WILL PEER REVIEW. So, anyone thinking LISTEN TO ME, is not the case even in real life. Just listening can be risky and one should check and review against BENCHMARKS. So robins told me about Helpful - well be it Helpful or anyone else, it is the same in the real world. From the time I went to SCHOOL, I WAS TAUGHT HOW TO THINK, EVALUATE etc. Hope that clarifies. Lastly, unfortunately, ACCOUNTANCY ====ALONE=== IS DEFICIENT AND HENCE ONE NEVER HEARDS OF ANY LEGENDARY INVESTOR WHO IS JUST A ACCOUNTANT AND DID NOT UPGRADE. If Paul Johnson did NOT STUDY GEOLOGY, THEN , HE TOO WOULD BE JUST EVALUATING INCOME, CAPITAL etc but ALL AIM CO's NEED FUNDING so the analysis is LOST on these small AIM explorers. A lot have left AIM and the list is long per ShareTalk. Something needs to be done and ShareTalk on Twitter mentioned it.
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