Imagine this, if you will: It’s thousands, maybe tens of thousands of years ago. In a swamp in the Pocitos salar basin in Argentina, bubbles rise to the surface. Hot bubbles. Over the millenia to follow, those bubbles would give way to land, then a mountain, then a mountain spewing forth raging hot magma.
I’m a big proponent of Moneyball thinking. That is, the theory, espoused most famously by the Oakland Athletics baseball team, that you can make a great living look for undervalued assets that the market has, for whatever reason, completely missed.
When it comes to the importance of technology and the innovation it offers, perhaps no market is more significant than the community care and personal health space. All too often, the ability of individuals to receive the care they need is hindered by matters of mobility – a situation that can make a big, big difference in terms of quality and length of life.
You may recall my talking about a little startup called LOOP a few months back that has plans to open scooter sharing programs around the world, starting with Vancouver, London and Beirut.
When I was running the editorial show at Stockhouse, I had reason to look over a lot of messageboards for a wide variety of public companies. Almost without fail, you could bet that any given messageboard would be faced with two problems.
The standard practice, when starting a mining company, is to raise as many millions as you can up front, stick a few holes in the ground until those millions are gone, and hope the holes demonstrate why you should be given more millions to make more holes.