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4/28/17

Regarding mining stocks and humility

A major aspect of following, investing, speculating and analyzing in the mining sector and its companies, particularly the junior explorers and producers, is that every now and again you go through a week in which seven bells are kicked out of your portfolio. It could be for one specific reason that hits across the board or is could be for disparate factors, but sure as eggs are eggs it's an experience you'll go through. It's been my "pleasure" this week so, in The IKN Weekly edition 415 on Sunday, there's bound to be reflection on that. 

Sorry ladies and gentlemen, this sector isn't all about "winning", "killing it", "crushing it", 100% guaranteed success, it's about staring reality in the face and, if you're up to the task, learning from the experience. Or as Hugh MacDiarmid wrote in "On A Raised Beach":

We must be humble. We are so easily baffled by appearances
And do not realise that these stones are one with the stars.
It makes no difference to them whether they are high or low,
Mountain peak or ocean floor, palace, or pigsty.
There are plenty of ruined buildings in the world but no ruined stones.

What happens to us
Is irrelevant to the world’s geology
But what happens to the world’s geology
Is not irrelevant to us.
We must reconcile ourselves to the stones,
Not the stones to us.