KIWI
One positive thing I can tell you about Spur is that shareholders are invested in one of the most profitable phosphate operation in the future which may be the lowest cost and most efficient operation I've seen in a long time. Spur's phosphate project is strategically located in the middle of all season concentrated agricultural regions where the market demand for DAP fertilizer is all year around and has been saturated yet to this day. Spur is a real company with real future fertilizer products(not fad) and real prospects and managed by few honest smart industrial leaders who are capable of putting this project into production. Everyone seems to fear about investment in China but to few investors, they see great opportunity. Spur's business plan has great opportunity to make big money for a long time.
Chapter 1 Contrary Investing for the '90s
The Billionaire?s Secret
"Buy when everyone else is selling, and hold until everyone else is buying. This is more than just a catchy slogan. It is the very essence of successful investment. ? J. Paul Getty, How to Be Rich."
Oil tycoon J. Paul Getty was probably the wealthiest man who ever lived. When he died in 1976 at the age of 83, Getty presided over a business empire that embraced nearly 200 companies, with Getty Oil Co. the crown jewel. He owned an elegant Tudor mansion in southern England and had amassed one of the world?s great art collections. His personal fortune was worth an estimated $3 billion.
Was Getty just lucky, or did he know something the rest of us don?t? In his autobiography, How to Be Rich, he conceded that being in the right place at the right time certainly helped. But, like all great entrepreneurs, Getty also understood the power of contrary thinking. Early on, he discovered what I call ?the billionaires secret?: If you want to make money?the big money?do what nobody else is doing. Find the niches that nobody else is filling. Look for overlooked opportunities. In baseball parlance, ?Hit ?em where they ain?t.?
J. Paul Getty knew that you can often snare the. best profits by putting capital into ventures that most investors either haven?t heard of yet or are too afraid to touch. During the 1930s, for example, Getty snapped up choice oil properties in the Middle East for rock-bottom prices while conventional thinkers were wringing their hands over the possibility that the Great Depression might drag on for decades. Where others perceived nothing but headaches, Getty heard cash registers ringing.
The best opportunities, in other words, are often found in places where the prevailing wisdom sees none. Successful
founders grasp this principle almost by instinct. A hundred years ago, railroad financier Russell Sage summed up his formula for accumulating wealth as "buying straw hats in January. But the far-seeing entrepreneur buys them early, when they're cheap and easy to acquire. Never mind the taunts of those who, while the snowflakes are flying, find it hard to imagine that summer will ever come. |
