This in the paper from Rick Rule, Mining Investor in the papers this morning.
10, 20, 30 BAGGERS TAKE TIME These are referring to an investment that returns 10 times its initial purchase price, or 20 or 30 times. But you must be patient“The Disallowed, 20 or 30 baggers stocks that I have enjoyed over my career have taken 5-6 years for that price escalation to occur,” Rule says.“Almost all of them have fallen in price by 50 per cent or more at some point.“You have to have the stomach to endure volatility.“In the 50 odd years that Warren Buffett has been the steward of Berkshire Hathaway it has fallen by 50 per cent or more over 18-month periods of time four times.“Terrifying to live through, but the truth is that over the fullness of time they didn’t matter.”
Cheers Happy42
VR1 Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
