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Rick Rule On Value Investing: "Price Is What You Pay, Value is What You Get" - Sprott's Thoughts (10/11/2017)

Rick Rule On Value Investing: "Price Is What You Pay, Value is What You Get" - Sprott's Thoughts (10/11/2017)
By Sprott's Thoughts 1 years ago 12023 Views No comments

November 10, 2017

Tekoa Da Silva had the chance to sit down once again with Rick Rule, CEO of Sprott U.S. Holdings. It was an interesting discussion, as he was able to ask Mr. Rule about a book that in his words, "Absolutely changed my life."

In his early years Mr. Rule had the good sense (and fortune) to meet with a legendary value investor, who handed him a copy of “The Intelligent Investor”, written by Ben Graham.

"I opened the book ... [and after 10 pages] ... my life was 'over'," Mr. Rule admitted. "I didn't put the book down, [and] read it in one sitting."

Discussing a few basics from Graham's work, beginning with 'price' and 'value', Mr. Rule noted that "Price is what you pay, value is what you get."

"Making money in investment or speculation," Mr. Rule explained, "involves exploiting the arbitrage between price and value – buying things at a price ... substantially below their value."

Mr. Rule further discussed the difference between 'investment' and 'speculation', as well as sharing anecdotes of how value investing can be applied to everyday life, not just financial markets.

To watch this highly recommended full interview, click here.

Sprott's Thoughts

Sprott Global Resource Investments Ltd. is a wholly-owned subsidiary of Sprott Inc., a public natural resources investment management firm listed on the Toronto Stock Exchange (Symbol SII). Sprott Money is pleased to bring selected writings from the financial experts at Sprott Global to our readers from their newsletter, Sprott's Thoughts.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.


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