daniel

[The Icahnist @TheIcahnist]

A handful of billionaire families own Canada’s east coast.

The author got them talking about the strategies behind four generations of wealth.

Epic book.

[Tigerflow @tigerfl0w]

A billionaire went on stage and explained in 42 minutes how the entire economy works. for free. Wall Street spent the next decade pretending nobody saw it.

he didn't sell a course. he didn't plug a fund. he stood at a whiteboard and drew three lines that explain every crash, every recovery, and every rate decision since 1929.

MBA programs charge $200,000 to teach frameworks he covered in the first 15 minutes. six of the models he drew on that board are still classified as proprietary at three major banks. he gave them away on YouTube.

the part nobody talks about: he predicted exactly what happened in 2020, two years before it played out. interest rates hitting zero, the central bank running out of tools, the money printer. he drew it on a whiteboard in 2018 like he was reading tomorrow's newspaper.

a portfolio manager at a top-five firm told me every new analyst on his desk watches this before they're allowed to open a terminal. not the CFA prep. not the internal training. this one lecture.

40 million people have seen it. almost none of them can name the three forces he draws in the first ten minutes.

it is still free.

[The Icahnist @TheIcahnist]

https://t.co/boasbtgpo1

[The Icahnist @TheIcahnist]

The Godfather of French Banking

He bought billion dollar firms with 1 percent of the money.

Antoine Bernheim invented the M&A technique for Bernard Arnault and Vincent Bolloré.

Paris called him le Parrain. The Godfather.

Amazing book by Pierre de Gasquet

[Tommy Humphreys @tommyhump]

ARGENTA TICKS ALL THE BOXES: GIUSTRA

16 Years.
2 Billionaires.
A rich silver discovery in Argentina’s Andes.

@wmiddelkoop @Frank_Giustra @TheRealGeoJo are in.

Watch here: https://t.co/yv4cOZxzy0

[Tommy Humphreys @tommyhump]

Berkshire AGM safe word: “owners.”

CEO Greg Abel kept calling shareholders “our owners”-sincerely

Buffett asked him why he should hold Berkshire.

Abel fumbled (where a venture CEO wouldn’t), but real owners don’t need the pitch anyway

Now contrast public venture land:

Investors see equities as options with massive decay risk, so they act like renters.

Deal-makers often see shareholders as ducks to be fed.

Roll-back queens issue fresh options after every failure and dilution

Exceptions prove it’s possible:

Josh Crumb with serious skin in @abaxx_exchange

@GClark_MNO Gilbo Clark (6’5”, flying coach, no warrants)

Builders who act like owners attract owners.

The rest get the renters they deserve

[The Icahnist @TheIcahnist]

One of the most underrated finance books.

Arnold Goldstein bought 12 companies using none of his own money.

He spent three decades as a Boston deal lawyer structuring leveraged takeovers of small businesses.

[Robert Friedland @robert_ivanhoe]

25 years ago today a major copper-gold porphyry was discovered in the South Gobi desert of Mongolia. 🇲🇳

The discovery went on to become Oyu Tolgoi mine, one of the largest copper-gold mining operations in the world and now jointly owned by @RioTinto and the Government of Mongolia.

On October 9, 2023, I was honoured to receive the Order of the Polar Star, the highest honour available to foreigners in Mongolia, from the President of Mongolia.

The greatest honour, however, is what has become of that discovery hole 150… According to Rio Tinto, 20,000 people now work at the Oyu Tolgoi mine, of which 97% are Mongolians. Oyu Tolgoi is expected to be one of the world’s top 5 largest copper mines in the world by 2030.

July 17, 2001 was a good day.

The images below are of the original press release announcing the discovery, a photo of discovery hole 150 (taken in 2007 with the shaft in the background) and what the vast complex looks like today, 25 years after the discovery.
@OTMongolia

[Doc Jones Resource Investor @drjimjonesceo]

$CCI.CN .@copper_canadian

Premier of New Brunswick, Susan Holt : “This is great news Simon, for Canadian Copper Inc. and for New Brunswick!”

Yes. We have tremendous support from First Nations, local communities and Govt and OR and Ocean for offtake. They is potential we receive $30-60 million in grants from provincial and Fed govt over the next year. Considering our low cost, should that happen we won’t tap Oceans credit line they generously offered during build further supercharging the already robust irr and Npv. Stay tuned.

Due to being in production in 2028, mill already built, 100% financed into commercial production, an uplisting directly to the TSX makes a lot of sense and wouldn’t be a surprise.

It’s going to be an exciting year.

Best,

Doc

[The Icahnist @TheIcahnist]

https://t.co/BJ8qpPJukT

[The Icahnist @TheIcahnist]

The Boring Billionaire Strategy

1. Grab the low-multiple hard-asset picks and shovels, then apply better ops.

2. Target end markets with durable moats that the market will re-rate hard when the bubble implodes.

This book shows more realistic ways to profit off the AI boom than 99% of innovation reports.

[THE SHAREHOLDER REPORT (T$R) @D438558409]

@ESGold_Corp Here is the link to the full article discussed above (refer to the disclosure in the previous post above):

https://t.co/CBRBYe74oS

The core question:

Is ESGold only a tailings restart — or is the market missing the larger Montauban platform?

[StripMallGuy @realEstateTrent]

Wild how many people have built a $100M+ net worth because the took out a loan to buy some property decades ago and then rates nosedived.

Give them credit for never selling and for taking the risk- but it was luck and timing more than anything else.

If you happened to be in your 30s with some extra money to invest in the 80s, 90s, and early 2000s, you rode a crazy wave.

Yes, unless you have a way to add value, commercial real estate is largely just an interest rate bet.

[st1ne @SolSt1ne]

Ryan Reynolds made over $450 MILLION selling two of the most boring businesses on Earth - a gin brand and a phone plan.

- he buys a stake, points his marketing agency at it, and sells: Aviation Gin to Diageo ($610M), Mint Mobile to T-Mobile ($1.35B)

27-min with the actor explaining the exact playbook, in his own words

bookmark & watch - it's the clearest breakdown of the buy-hype-sell model out there

[daniel @daniel10434404]

RT @drjimjonesceo: $CCI.CN Current MC $111 million cash liquidity available, via cash, proceeds OR stream, Ocean partners off-take deal $11…

[CreativeDude @creativeburne]

Mark Cuban reveals he got $5,700,000,000 in stock from Yahoo and sold everything before the whole market crashed

"when Yahoo bought you they gave you $5.7b in stock...I got 33% of it and when it went up $2.5b I sold everything I have"

"I did a hedge they called it one of the top 10 trades of all time in Wall Street...I got all the stock and everybody thought the internet bubble is going to keep on going forever I'm like there's no way"

"I sold calls and bought puts so I protected my stock and so it went up in value some more and went up to where my hedge was and then cashed me out"

[The Icahnist @TheIcahnist]

The best books on Shipping Magnates and Energy Tycoons.

Link below.

[GoingToADollar @GoingToADollar]

$NICU.V with a nasty intersection at the R2 Footwall Zone at Levack in Sudbury.

29.7% CuEq over 3.4m.
Including 57.0% CuEq over 1.5m.

9.4% Cu, 2.3% Ni, and 19.8 g/t gold in the best interval.

https://t.co/wpyqqQYK5f