Erik Wetterling – Investors Waiting For Proof In Hindsight That We Are In A New Bull Market Will Miss Out On The Biggest Gains

Shad Marquitz
November 29, 2023

Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to discuss the key takeaways from his recent video; where he points out that when we know we are in a bull market, that it is always in hindsight, and by then big gains from rerating valuations have already been made.  


We discuss the nuances and psychological emotional challenges around the seemingly simple primary task for investors of buying when sentiment and valuations are low, and then selling when sentiment and valuations are high.  The discussion is tailored around investing in gold, silver, or copper resource stocks, but really could apply to positioning in any sector. 


He points out that many investors will wait for many months of technical and fundamental data to show the bottom may be in, before even getting positioned themselves.  As a result, they often end up top-ticking that move and buying a far higher price right in front of prices rolling over, as markets are cyclical, and they often have false rallies.  Many investors hurt themselves by waiting and watching stocks going up high double digits and triple digits before finally gathering the emotional and psychological confidence to buy in, and then end up being the proverbial “bag holders” positioning near the end of a move.


Erik states that his value investing method of buying in multiple tranches when stocks and sectors are extremely oversold, undervalued, and cheap is not sexy or even complicated.  However, buying during oversold bear market valuations over time builds a good cost basis to catch the majority of a positive rally; when the sentiment and pricing momentum inevitably shifts back to the upside once again.




Click here to visit Erik’s site – The Hedgeless Horseman

    Nov 29, 2023 29:43 PM

    Santacruz reports 3rd quarter Financial Results. DT


    Nov 29, 2023 29:26 PM

    This week added back some old friends: Max Resource, Stillwater Critical, Banyan and Osisko Metals.

    Nov 29, 2023 29:42 PM

    I always look forward to Erik’s interviews.

      Nov 29, 2023 29:25 PM

      Yes, me too Lakedweller2 Erik always lands some solid points on value investing, the right action to take in negative sentiment markets, and shaking off the typical herd-think we see on many sector chat boards.

      I always look forward to getting some insights on Thursday from my buddy the Hedgeless Horseman. 🤜

    Nov 30, 2023 30:03 AM

    When we know we are in a bull the big gains are already gone

    The Hedgeless Horseman – November 27, 2023

    Nov 30, 2023 30:03 AM

    DXY week…It will be interesting how the dollar uses this technical juncture existing on day chart bounce…will the character be robust or sluggish?….As shown, weekly hit the .618 fib pullback…currencies are very sensitive to moving at fib levels……glta…..