It's amazing to me how many people will invest in a mining company with no more than a permit to be able to start digging dirt. They have to raise millions to begin. Then, they have to find that needle in a haystack. Then, that needle has to be made of gold. Then, that golden needle has to be very heavy. Then, that heavy, golden needle has to be surrounded by millions of other needles. You get the picture. The point being, how many of these tiny, startup companies have a pretty good lock on a real business and a real high-percentage chance of making it in that business?
I remain,
SOROS
