"Occasional Failures Are the Price of Outstanding Wins" - Rick Rule on Portfolio Discipline & More

"Occasional Failures Are the Price of Outstanding Wins" - Rick Rule on Portfolio Discipline & More

September 4, 2026 · 48 min

About this episode

Rick Rule discusses investment strategies and portfolio discipline, emphasizing the lessons learned from failures in the mining sector.

Rick Rule recaps a record-breaking Rule Investment Symposium and previews next year's shift from "Living Legends" to "Next Legends," then digs into the portfolio discipline lesson behind his "Amalgamated Aardvark" story — limiting stock ownership to the hours you actually spend studying them. He explains how he uses sentiment (like his contrarian silver buy) as an investing tool, why newsletter writers have lost sway over an increasingly institutional junior market even as free education still builds trust and sells "branded conclusions," and why the newest bull-market entrants tend to be the most arrogant. He also unveils "Pitch Rick," a $5,000 paid-pitch product with real reputational stakes; recounts cutting business ties with an antisemitic promoter at his mentors' request; breaks down why sensible junior mining mergers (like G2 Goldfields/G Mining) get done while others stall on management self-interest; walks through the prospect generator model via David Lowell's Arequipa and Francisco Gold; explains his long-term stake in Ross Beaty's Lumina Metals despite skipping the IPO; and closes by explaining why deep sea mining doesn't yet offer enough precedent to build a…

People in this episode

Host: Bill Powers

Guest: Rick Rule

Topics covered

Keywords

Mentioned in this episode

Organizations: Rule Investment Symposium, G2 Goldfields, G Mining, Arequipa, Francisco Gold, Lumina Metals

Places: deep sea

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