Investing in Resources

Summary

The book looks at the factors affecting investing in resource markets that are different from other sectors--the extremely cyclicality; the very long cycles; the huge corrections that are standard; the continual mergers and acquisitions; huge capital needs and how that affects company (and stock) cycles. In today's economy, the resource market is a place for investors to see strong gains- as long as you understand the market. That's where industry pioneer Adrian Day comes in. Day also looks at how the resource industry is changing and why the "commodity supercycle" has much further to run, in terms of time and price--all with the consant reminder for the investor of the outsized gains and outsized risks in this sector.