Ivanhoe Mines Ltd (IVPAF)

[tootalljones]

Tales From the Crypt. Please be religious about Ivanhoe. That is the key, and to be right of course is naturally, already what all of us are. That is the single most important quality you can have. Do not be a smartie, do not be clever. Robert Friedland is a self made billionaire, so leave that stuff to him, for starters....

It is true that the first stock I ever bought in my life was Apple. Symbol: AAPL. I had just gone out on my own as a young lawyer, and just settled my first personal injury case, for 15 grand, my end being 5 grand. I figured I didn't have many eggs (I was actually financially poor, but did not know it and of course would have totally rejected the concept ferociously). I bought 5 Gs worth of apple. It was selling at 56 bucks a share as I recall. I did not otherwise have a pot to p i s s in, or a window to throw it out of. I had bought a house with a pal, and two months after settlement, he met a girl and ran off to new england. He was the one with the construction skills as I could not screw in a single nail, and the house was a fixer upper. I had almost no heat, an 800 dollar car, school loans, and was turning down offers from major law firms, doubling and tripling (actually more as they competed) the pay from where I was working as a young lawyer. Instead, I went out on my own. A great move.

Selling AAPL in less than a week: not so good.

I sold that stock within 5 business days. Black Monday was the event. You can look that even up on Wikipedia.

I would have been worth 25 million today, actually FAR more, as I would have poured my earnings into the stock, the ones I made as a lawyer. But I did not have anybody to tell me, to teach me to be religious, and not to get thrown off the hunt.

Here is another guy, who knocked around his entire adult life, before becoming a billionaire. He was religious about his product. Running around in his mid 60s all over the state,like a crazy man, to make sure his franchisees did not GET OFF THE BEATEN TRACK, AND MESS WITH HIS FORMULA for making tremendous tasting chicken. He would rage and scream at the young guys who he franchised, and who then would start to monkey with his creation. He was religious. PLEASE BE RELIGIOUS ABOUT IVANHOE. Do not let the Funds hog all the wealth. You will be wealthy. Just add with every paycheck....every day, regardless of price. DO NOT EVEN LOOK AT PRICE, since you cannot predict it on a daily or weakly basis.

Ivanhoe actually owns 4 separate companies: Platreef, Kipushi, Kamoa and Kakula. This is all the portfolio diversity you ever will need, as each is wildly undervalued. We have 200 billion plus in the world's highest grade assets, and a chintzy market cap, a tiny silly cap. Be smarter than Mr. Market, who is often asleep and groggy, but he will wake up for sure. BE LIKE THE COLONEL. Do not let them mess around with your formula for the world's greatest, Kentucky friend chicken! Have a great weekend guys.

Read the story of the Colonel, which was his true name: not , from Kentucky fried chicken below. https://en.wikipedia.org/wiki/Colonel_Sanders