It really helps to use context when referencing that one word "luck" out of my entire post and trying to turn it into a disparaging comment.
Just for clarity, my use of the word "luck" was in the context of achieving both
a good entry point and good exit point to create a 10x outcome. Many here including myself have executed many such trades many times.
Humility demands I temper any delusion of my own skills (and anyone else's) with an acknowledgement that there is very often an element of "luck" in investment selection and timing.
If you think investment outcomes are all you,+/- your research and absent some level good fortune, you either haven't taken enough risks in life to lose anything of value (or to find you are not infallible), or your sense of self righteousness may be quite profound.
Luck is akin to winning an AFL Grand Final by less than a goal. A side must be good enough to be in the main dance and able to kick a winning score but a degree of luck that comes into play when the opposition misses kicking a potentially match winning goal by hitting the post. Denying the other team a result.
"Luck" can be seen as both the outcome of a series of good decisions, just as it can simply be being at the right place at the right time.
With numerous variations attributed to various literary and financial figures I am happy to support and declare humbly declare some personal experience in the saying
"the more I work, the luckier I get". Early and very profitable investments in REE, Li, Au, U3O8,C, Co and Australian biotechs don't present themselves, they must be sought and selected using both macro and micro economic date sets and trends.
Having an extremely concentrated portfolio of direct investments, some held for over 40 years, I think I have an extremely intimate understanding of the businesses I invest in. I have followed that old rule of thumb to spend at least an hour a week reading and researching the announcements, the business, the industry, the managment and the financials of each company I own. (Insomnia gives me time to do all this and have a life outside of HC engaging with real people).
I am also an aggressive investor who is very aware of his investment strengths, weaknesses and psychological biases. That doesn't stop me from making lots of expensive mistakes nor does it prevent me from having more than a little investment success. A few tertiary and post grad certificates I picked up from a number of "weeties packets" have sort of helped me, just a little, over the decades.
It would be quite an error on your part, to refer to me in a manner that suggests I am just a mug DIY retail investor. Though you can and do this to many posters, quite often, as is your prerogative to do. That doesn't make you smart, just smug.
I missed the sub $6 buy for Lynas, because it never got there. That's the way it goes. Am i (or any other holder) upset that LYC has delivered over 15% in the last 26 hours? No way. My holding is more or less around around the level of
@explorer13. I imagine he is happy, as am I, as would every single LYC shareholder.
Since you disclose "Not held" you cannot participate in the pleasant and rewarding recovery in the LYC share price. Why you even contribute incessantly on stocks you don't own is beyond me, unless you are a shorter, doing what most of them do.
The online world is certainly one I tend not to enjoy, when nastiness trumps respect. But it is 2023 and I am glad I am still on the earth to enjoy it. I am so glad I am so "lucky" that medical researchers, much smarter than I found a treatment for my severe life threatening illness, a couple of decades back. It taught me to care and share with others, and avoid indulging in my own sense of self importance.
For all investors holding Lynas shares, I genuinely hope this well led company has reached a share price inflection point and is able to move on with its business expansion plans in the US, Australia and Malaysia to offer the ROW critical materials independent of Chinese interests. China will no doubt continue to attempt to manipulate the supply and prices of all battery metals and critical minerals to their advantage, that is a headwind that will not pass quickly.
GLTASH
(20min delay)
