100x Hunting in Vancouver

“Over a period of years, our thinking has focused more and more on the issue of reinvestment as the single most critical ingredient in a successful investment idea, once you have already identified an outstanding business.”

— Chuck Akre, Akre Capital Management

I’ve just returned from the Sprott-Stansberry Vancouver Natural Resource Symposium. I expected to find a lot of exuberant resource bulls at the conference.
After all, the natural resource sector is the most bombed-out sector in the market. Many stocks are down 90% — or more. And yet many long-term bulls on the sector were only tepidly bullish on natural resource stocks. (more)