netnet Posted September 30, 2014 Share Posted September 30, 2014 For those of you who don't follow the mining sector, Pierre Lassonde is one of the greatest investors of the last 40 years. (In 20 years his public vehicle Franco-Nevada grew >38%.) He and Seymour Schulich ran Franco-Nevada, which Lassonde bought back from Newmont and runs now. This article was mentioned in the Altius discussion (hat off to Williams406). Even those who stay away from resource stocks should read this. (hint, Great skills in investing translate across industries and in reality, his business, royalties are not the mining business, which he calls the height of speculation.) It would be interesting to ferret out what his other investments are, one of which is in high tech. He has patiently invested in companies with: [*]A great CEO [*] A great business model [*]A bullet proof balance sheet [*]An ability to opportunistically seize opportunities when others can't He is looking in the mirror, but that's alright. http://www.mining.com/web/pierre-lassonde-franco-nevada-very-few-get-this-but-its-worth-so-much-money/ Link to comment Share on other sites More sharing options...
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