I don’t think we shoul believe him, he said he worked in the...

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Megafauna

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22/02/19

07:03

Post #: 37525006
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Originally posted by TheGermanLad: ↑

I can’t help but to copy and paste these insights from the great Bob Moriarty, investment legend. Time to enjoy and reflect.

Bob Moriarty: Yes, there are some wonderful people in the mining sector and there are some guys who tell the truth as a rule. However, one thing you’ve got to realize is that when a guy starts lying to you he may very well be lying about everything. I have had some investments over the year in which I knew the managers were lying about some things but I still loved the story so much that told myself “well, he can’t be lying about everything”, but sure enough, they were lying about everything.

“It’s been my experience that resource companies are often run by idiots pretending to be managers who live the good life while sucking the financial blood out of the veins of helpless investors. It’s a dangerous business, where failure is the norm. Share prices run up and down faster than a bride’s nightie. I’ve run into charlatans, con men and fools. I’ve visited hundreds of mining properties and i’ve been lied to on almost every trip. I find that wonderful, being lied to maybe 75 percent of the time. I used to be in the computer business. There I got lied to 100 percent of the time. So the liars in mining are at best amateurs in comparison.” ~ Bob Moriarty

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I don’t think we shoul believe him, he said he worked in the computer business and they lie all of the time.

TNG Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

3 Great analysis

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I don’t think we shoul believe him, he said he worked in the...

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HotCopper Highlights: Your most watched stocks for Week 47, 2024

Sales growth pushes Lovisa's fortunes (and shares) upwards

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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