Transcript: Exploring the Titans of Resource Investment with Rick Rule
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Link to my Zoom call with Rick TRANSCRIPT: Rick (00:00:02): There was never a deal that Ned couldn't make more complex and Ned would say, it's important if you're going to do a lot of business with this guy, you love him. It's important that you can resolve commercial disputes over dinner, not go to court. Early in my career after he spent time teaching me anything I did, if I'd call him, he'd say, will I get out at the same time and at the same price as you? And if I would say yes, he'd say, okay, save me the rest of the story. What would you like me to do? If you're going to have an enduring relationship with an intelligent counterparty that you ought to strike fundamental as opposed to emotional agreement. If you want to open with me, I would say I have an opportunity that I think is selling for half. Its intrinsic value and the reason for it is that it's a commodity that everybody else loves to hate. Now, immediately you hit all of my hot buttons.
Transcript: Exploring the Titans of Resource Investment with Rick Rule
Transcript: Exploring the Titans of Resource…
Transcript: Exploring the Titans of Resource Investment with Rick Rule
Link to my Zoom call with Rick TRANSCRIPT: Rick (00:00:02): There was never a deal that Ned couldn't make more complex and Ned would say, it's important if you're going to do a lot of business with this guy, you love him. It's important that you can resolve commercial disputes over dinner, not go to court. Early in my career after he spent time teaching me anything I did, if I'd call him, he'd say, will I get out at the same time and at the same price as you? And if I would say yes, he'd say, okay, save me the rest of the story. What would you like me to do? If you're going to have an enduring relationship with an intelligent counterparty that you ought to strike fundamental as opposed to emotional agreement. If you want to open with me, I would say I have an opportunity that I think is selling for half. Its intrinsic value and the reason for it is that it's a commodity that everybody else loves to hate. Now, immediately you hit all of my hot buttons.