So, consider the merits of backing suppliers of components and infrastructure, rather than the companies in the headlines, as a key part of an investing philosophy.
Monday, November 12, 2012
Investing - the eight Bs
Very few miners made significant fortunes during a gold rush. The people who really made money were the suppliers of services and equipment. In the 19th century, some of the most profitable investments were in bullets, booze, brothels, buckets, barrows, burros, bacon and beans.