Mining Stock Education · Friday, September 4, 2026
Rick Rule recounted an experience with a portfolio where a gentleman owned nearly 100 stocks, but knew nothing about most of them, and wouldn't sell even losing positions. Rule stressed that investors should only own speculations they are intimately familiar with and cautioned against blindly following price information without an understanding of value.
“tell me what you know about this company and he said nothing”
“The question is what will you do with the remaining 40 cents”
“if you aren't intimately familiar with the speculation you shouldn't own it”