Pierre Lassonde is one of the 'superstars' of the resource sector. He co-founded Franco-Nevada, the largest royalty and streaming company in the mining sector. The company was acquired by Newmont Mining in 2002, and then split off in '07 at a value of $1.2 billion. Its current market cap is nearly $9 billion. Franco-Nevada is currently the top holding of Sprott's new ETF, the Sprott Gold Miners ETF as of July 31, 2014, the ETF had a 16.74% weighting in Franco-Nevada Corporation. On the phone from his home in the South of France, he shared what he feels are some of his most valuable insights on investing. Mr. Lassonde says timing isn't nearly as important as recognizing great business models - like Franco-Nevada or NewGold -- and being patient. He has been involved in a number of highly successful businesses and shares the four things they have in common. (VIEW LINK)
Please sign in to comment on this wire.