Used to think making a fortune was about smarts and hard work, now beginning to believe its just dumb luck.
Early 90's I had a clever idea, china's gonna urbanise, bought shares in a startup concrete company in Beijing when there were only 4 concrete companies in Beijing.
It went broke!!! How is that possible?
I have so many of these types of stories in my life.
I reckon I knew what MKE had even before there management did - seriously the largest oil play in the world was sourced out of the Duvernay it was always going to be awesome.
4yrs in now for what? Concrete in china me thinks.
MKE Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held