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Carson Seabolt: Confessions of a Stock Operator

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His story is everyone’s dream. Carson Seabolt was a commercial fisherman who clawed out of bankruptcy to build a $50 million fortune in the stock market before age 40. A fearless investor and entrepreneur, Carson makes concentrated bets on the highest-risk companies. The results have been extraordinary, such as: • Co-founding K92 Mining, a $2 billion gold producer from an initial $2 million investment • Raising $43 million from billionaire @Chamath Palihapitiya, one of the world’s most recognized investors, for a medical technology company Carson is involved in, from a cold email • Befriending and betting big on billionaire mining legend Robert Friedland, who helped Carson double his fortune On Carson’s outrageous Instagram channel, he shares a stream of consciousness about life and markets that is like a Kardashian version of CNBC. Today is Carson’s 42nd birthday. On this day 8 years ago he received the call that changed his life. Now, he shares his incredible life story ...

Ten Things I Learned From Visionary Restauranteur Richard Jaffray

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Repost from 2018 on the news Richard is selling his Cactus stake after 34 years. Congrats, Richard! Richard Jaffray Richard Jaffray was living in a used Dodge Dart with a roommate when he first moved to Vancouver from Ontario soon after high school. He worked as a server to save money to open his first restaurant. Today, nearly thirty years later, Richard has created nearly thirty of the highest grossing restaurants in Canada under the Cactus Club Cafe brand. In an industry known for many failures (roughly two thirds of new restaurants will go out of business within three years), the success of Cactus Club has put enormous pressure on other Canadian restaurants to raise their standards. I know Richard through friends and have been enjoying his restaurant since I was a kid. He is an inspiring founder who is kind to everyone he comes into contact with.  Here are 10 lessons for entrepreneurs from Cactus Club CEO Richard Jaffray, updated from his 2015 BCBusiness Top 100 Interview : 1. ...

How One Man Came To Own 49% Of the World’s Largest Gold Miner

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In 1990, one man incredibly owned 49% of Newmont, the world’s largest gold mining company. He was one of the wealthiest and most charismatic capitalists who ever lived. This is Sir Jimmy Goldsmith’s unbelievable story: Jimmy Goldsmith was born into a family of prosperous outsiders. His ancestors took refuge from religious persecution at the turn of the 16th century in the Jewish ghetto of Frankfurt, Germany. Forbidden from marrying outside the ghetto, members of the Goldsmith family and the famous Rothchild family intermarried and went on to build European banking dynasties. By the early 1900’s the Goldsmith family was based at a plush estate in the UK called Cavenham.   Jimmy’s father Frank became a conservative MP from 1910 until 1918. Ostracised in England during WWI due to his family’s German origin, he accepted a foreign posting during the war and later settled in France where he became a prominent hotelier and father of two boys. Jimmy Goldsmith was born in Paris in 1933 with...

My Limited Howe Street Wisdom: Interviews of Tommy Humphreys

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April 22, 2022 - Tommy Humphreys on the Evolution of CEO.CA - Mining Stock Daily ( Link ) Sep 3, 2020 - Making and Keeping Millions from Mining Stocks with Tommy Humphreys (Mining Stock Education) May 25, 2020 - Behind Success Episode #1: Tommy Humphreys, Founder of CEO.ca (Matthew Nelson): Dec 3, 2019 - $5-$10 Million Companies Can Easily Become $50 Million (Daily Gold's Tenbagger Podcast): Nov 13, 2019 - For Investors in this Bull Market, 100 Baggers are Possible (Palisade Radio): Jan 13, 2017 - Date Your Mining Stocks, Don't Marry Them (Kitco News)

From Howe Street to the Big Time: Robert Friedland Celebrates 40 Years in Mining

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Robert Friedland shakes the hands of workers at the Kamoa Kakula mine in Feb 2014. Tommy Humphreys photo He’s the most celebrated mining entrepreneur alive but 40 years ago, Robert Friedland arrived in Vancouver, aged 34, with no contacts nor experience in mining. “You might say I literally entered the mining industry on my hands and knees,” Friedland told author Michael Caldwell. Crawling into an abandoned gold mine in Southern Oregon he was permanently bitten by the mining bug. “From that day on, I really knew what I wanted to do–had to do.” In mid 1982 Friedland floated Galactic Resources on the Vancouver Stock Exchange at 50 cents per share with no properties nor management. The stock hit $13.25 by 1984. For Galactic’s flagship asset, Friedland negotiated to acquire a 100 year old mining site in Colorado from ASARCO for $7 million before financing was in place. “The thing about Robert is he likes to see things finalized before he goes on to something else,” said Dr. William Bird, a...

Letter From the CEO.CA Founder

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Chelsea, Rosie and me It's been an emotional roller coaster ride here for a few months. My wife and I are thrilled to be expecting the arrival of another daughter any day now, but I’ll confess, that’s not what's been preoccupying me. After spending most of my adult life building CEO.CA, I just signed a deal to sell it to a friendly listed company, subject to exchange and other customary approvals. GoldSpot Discoveries (SPOT-TSXV) has entered into an agreement to acquire CEO.CA I believe this transaction will see CEO.CA become what I have always hoped it could be. For CEO.CA’s business to grow, its value proposition to its community must grow in lock-step. Our new owners understand this and are planning to expand the product and content rapidly. They do not wish to alter the culture, privacy policy, or the brand of CEO.CA in any way. The small team you know and love (cough) of Murat, Vaughan and myself are sticking around, and we will be complemented by new blood and greater r...

A Dollar for the Richest Gold Mine in US History

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Peter Munk (Barrick photo) The richest gold mine in US history has yielded 45+ million ounces since 1987, transforming its owner from a small player to #1 in the world. Yet a 50% stake in the same asset was valued at just a dollar a year earlier. He’d already lived an amazing life, but Peter Munk was new to the mining sector. At 16, Munk escaped Nazi occupied Hungary in 1944 on the Kastner train of 35 cattle wagons. After WW2, he moved to Canada and studied electrical engineering. Claritone, Munk’s first company, went viral in 1964 building beautiful home stereos endorsed by Frank Sinatra and later TVs. As quickly as Claritone took off it went broke over a troubled factory in Nova Scotia. Munk and partner David Gilmour dusted off and founded the largest resort in Fiji from a raw plot of oceanfront land. The venture exploded to 54 resorts in Australia and the South Pacific at its peak before fetching a $128 million sale price. Flush from Fiji, Munk returned to Canada in 1979 with design...