The Flying Frenchman

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We have many different characters here at Casey Research, each bringing a unique aspect to the table to deliver the best investment ideas to our subscribers. Most of the time, we are in different places around the world searching for the next exciting investment opportunity. A few times a year, we do get together and trade ideas. Over the years, strong friendships have developed, and we often go out and enjoy social events together. On a recent get-together, I learned something about myself and the “Flying Frenchman.”

Olivier Garret, our CEO at Casey Research, is the glue that keeps the egos at Casey Research in check, mine included. He is like a Swiss clock – always on time and always dependable. We organized our schedules, as we do every year, to hit the mountain and go skiing.

I go to pick up Olivier at his hotel, and it is a very cold morning. To my surprise, Olivier comes out wearing jeans and a sweater, with a light jacket in his hands

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“Olivier, it is freezing! Where is your ski gear?” I ask him.

“Come on, Marin, it’s not that cold,” he quickly replies. It was -3° C (already too cold for my Dalmatian blood). As we head up on the ski lift, I realize Olivier isn’t even wearing goggles.

As we jump off the lift, we head down a black-diamond run to start the day off before our thighs get shot. Olivier whips by me and is flying down the hill. With my ego now slightly bruised, watching a Frenchman wearing jeans blowing by me, I decide to kick it up a notch. That’s when I realize that the snow that day is not the nice soft powdery snow I prefer, but rather full of ice, which means it would be quite painful if I were to fall.

As I start picking up momentum, I lose an edge and almost my control, but luckily for me I managed to regain my footing and could only watch in amazement at how fast Olivier finished his run. After a few more runs, Olivier asked me, “What happened to you? You used to be a fast skier!”

That’s when it hit me: I am a different skier now. Yes, I love speed, but when I saw Olivier going down the hill as fast as he was in the poor conditions, I thought to myself, “This is not the time to go for the speed rush and get injured. Instead, I am going to be a casual skier and control my speed as I go down the run.”

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Know Yourself (and Your Investing Style)

Sun Tzu in his book The Art of War once wrote, “Know thyself and thy enemy, and you will not be imperiled in a hundred battles.”

As I knew my limits on that ski run with Olivier, so too should you know what type of investor you are.

Are you looking for the fast-moving, high-risk juniors with multi-bagger return potential? In that case, I would highly recommend you try our 100% money back guarantee Casey Energy Confidential Alert service. If you prefer a slightly lower-risk profile, I suggest the Casey Energy Report.

The key to successful investing is also being able to understand what type of investor you are… understanding what risks you can handle and which ones you can’t.

As it turned out, my friend Olivier, the “Flying Frenchman,” did indeed take a tumble near the end of one of his runs. But he popped right back up, and we both had a good laugh – though I will definitely bring it up at our next company dinner.


Additional Links and Reads

French Special Forces to Protect Niger Uranium Mines (France 24)

As France continues its ground assault into Mali, it’s seeking to protect its investments in the West Africa region. The uranium mines in Niger are of tremendous importance to France, as they represent a significant portion of France’s uranium supply. Given that France produces most of its electricity through nuclear power, any disruptions in Niger could prove disastrous for the French economy.

Ukraine and Russia’s Gas Wrangle Ignites Again (Euronews)

Seems like Ukraine and Russia are at it again. Ukraine’s state gas company has said that it cannot pay a $7 billion bill it has received from Gazprom, and the case could very well end up in international arbitration. Previous disagreements between these two countries spilled over into the rest of Europe through the form of gas disruptions, again highlighting the need for Europe to have an energy renaissance, a topic which we will soon address in the Casey Energy Report.

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Egypt Resorts to Emergency Law (Wall Street Journal)

Egypt’s situation continues to worsen, and in what seems to be an ironic twist, Egyptian President Mohammed Morsi has imposed emergency law in three cities in Egypt. Opposition to this law was one of the main reasons that former president Hosni Mubarak was ousted a few years ago. Over the past few weeks, Egypt has seen some extremely violent street protests which have left dozens dead. It will be interesting to see just how far Egypt will be destabilized in this round of violence and whether Morsi can keep his country under control.

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avatarDoug Casey - Casey's Daily Dispatch posted Tuesday, January 29th, 2013.

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