As is often the case, once you recognize an opportunity it begins to run away from you…unless you act quickly. Almost immediately after I published a comment about oil prices rising in the late spring they headed north. This is why investment committees (requiring consensus or third party approval) are inclined towards mediocrity – by the time everyone is sold on an idea…it’s too late. Read my original commentary by clicking on this link:
A case for $120 WTI oil – and sharply higher stock prices.
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About Mal Spooner
Malvin Spooner is a veteran money manager, former CEO of award-winning investment fund management boutique he founded. He recently authored A Maverick Investor's Guidebook which blends his experience touring across the heartland in the United States with valuable investing tips and stories. He has been quoted and published for many years in business journals, newspapers and has been featured on many television programs over his career. An avid motorcycle enthusiast, and known across Canada as a part-time musician performing rock ‘n’ roll for charity, Mal is known for his candour and non-traditional (‘maverick’) thinking when discussing financial markets. His previous book published by Insomniac Press — Resources Rock: How to Invest in the Next Global Boom in Natural Resources which he authored with Pamela Clark — predicted the resources boom back in early 2004.
