What Was Your Best Trade/Bet?
Mine was not a huge profit, but it saved me from losses:
I made a fairly concentrated bet on a small cap gold mining stock that appeared very cheap. It was priced at book value, low pe, mountains of cash and had an enormous mining project coming up...
Something that I didn't look out for was the steadily declining cash flows causing the low pe...
If the company steadied its cash flows, the mining project would have generated enormous returns in 2-3 years, but it was a complete gamble.
I remember reading an investor on Seeking Alpha saying he didn't chase current cash flows, he chased future cash flows. I sold everything I had within a week.
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