Rick Rule: Billionaires willing to take highly risky bets

Transcript of interview of Rick Rule by Takoa da Silva

Rick Rule
Rick Rule

During a time in which most investors have thrown in the towel on precious metals and natural resources, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments.

Rick noted that during these periods of extreme market pessimism, bets are presenting themselves, “Where you have [a] chance of losing half your money and another chance of making 10 times your money.” Rick further noted that these are the types markets which create billionaires, in that, “Every billionaire I know has been willing to take bets that were contrary to conventional wisdom at the time that were highly risky.”

Here are his full interview comments with Bull Market Thinking’s Tekoa Da Silva:

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