Chapter 14

An Investor's Guide to the World Right Side Up

We both reached for the check. “No, no, I invited you,” I said. “I'll pay.” Then my guest made an offer I couldn't refuse.

“Come on, we're in markets. Let's flip for it.”

Well, how could I resist that? Everyone in markets, from the careful investor to highflying speculator, learns to live with chance, and even to relish it. It's part of the thrill of markets (and life); you just never know how things might play out.

So, we flipped. I called heads. Heads it was. And Frank Holmes paid for dinner.

Frank is the CEO and chief investment officer of U.S. Global Investors, which is a mutual fund company with a slate of award-winning funds. We met him earlier in the book on our Colombia jaunt, and my meeting with him serves as a nice capstone to our journey.