Rick Rule is Senior Managing Director at Sprott Inc, and President & CEO, Sprott U.S. Holdings… We received an important email from our good friend Rick Rule. He stated, “For those of you who don’t already know, this communication amounts to a retirement announcement of sorts. Actually, I prefer to think of this as a ‘redirection announcement’…” Rick indicated that he was tired of spending his days doing things he found frustrating or unfulfilling, such as dealing with regulators, etc. Now he’s entering the next phase of his career and will be starting Rule Investment Media, picking up the baton from Sprott Media. We talked a lot about change and lessons of life. Usually those lessons come from investment losses. In the 1970’s Rick went from insolvency to colossal success, but most importantly he learned how not to repeat those mistakes in the future. And that is perhaps the most important lesson we can learn from Rick, don’t keep making the same mistakes over and over, while calling it fate. Always take ownership of your situation and look for workable solutions. But if you’re following your passions will it will make the process much easier. With that we wish Mr. Rule the best of luck and success in his new undertaking.
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