To evaluate micro-cap and natural resource stocks, Casey uses a specific framework:
: He has expressed long-term interest in sectors like marijuana stocks, comparing their potential growth to the liquor business following the end of Prohibition. 3. The "8 P's" of Speculative Investing doug casey
: Have the courage to buy when others are terrified. To evaluate micro-cap and natural resource stocks, Casey
: How well the company tells its story to the market. 4. Nine Secrets for Successful Speculation : How well the company tells its story to the market
: For those seeking high-risk, high-reward speculation, Casey points to gold mining stocks as the "only cheap place" in the market, though he warns of their extreme volatility.
: Casey views gold as the ultimate insurance against financial chaos. He expects a "bubble in gold" as people flee paper currencies.
: The most important factor; look for a management team with a history of success.