In October 2011, I met Tommy Humphreys at The Big Picture Conference in New York City. We became friends and three years later Tommy would create an innovative new investment chat platform called CEO.ca. In this 78 minute conversation, Tommy and I delve into Tommy’s genesis story in Canadian financial media, and how the idea of a Canadian microcap stock chat forum was born.
The conversation concludes with a valuable discussion of the most effective psychology and approach for a speculator to have in the volatile and treacherous junior mining sector. Tommy is an investor and father of 3 beautiful young girls. He lives in Vancouver, Canada.
Some memorable @tommy quotes from this conversation:
"Canadian penny stocks are like the Vancouver weather, 80% shit and 20% spectacular"
"The first $20,000 is more meaningful than the guy with $5 million making another million"
On first meeting with @murat: "I remember feeling desperate, it was like showing up for a date and the woman knows you're desperate."
"Investors come in at the wrong times and leave at the wrong times."
"The despair you see at a bottom is so hard to buy..... it's difficult to distinguish between a bottom and a falling knife."
"You have to be comfortable watching other people make money."
While drinking coffee on the morning that he bought the CEO.ca domain Tommy thought of this biblical quote: "From this rock I will build my church."
On being a junior mining investor: "Do it if you can commit to it, but don't dabble in it."
DISCLAIMER: The work included in this video is based on current events, technical charts, company news releases, corporate presentations and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. This video is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
