Erik Wetterling – Utilizing Poker Playing Skills To Assess Risk-Adjusted Value In Resource Stocks
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to unpack how he transitioned his risk/reward assessment skills from being a semi-professional poker player, to how he approaches value investing in junior gold, silver, and base metals mining stocks. We talk about how few investors really take time to consider the improving or diminishing risk-adjusted value proposition when looking at the share-price and market cap in relation to the growth potential or prize in the size and scale of a new discovery.
Erik discusses 2 stocks in this interview to illustrate these points, outlining a previous win by positioning early in Snowline Gold (SGD) (SNWGF) once he understood the potential size of the deposit, and the current setup in Condor Resources (CN) (CNRIF) after their recent community access agreement update to the market.
*In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.