If you are very wired into the CapEx like I am, you will not learn anything new from this live presentation. However, even if you think you know everything there is to know about CapEx. You should still watch the video because Skip Oceanlane does a marvelous job of explaining what CapEx is, the risks that come with playing the game, and the benefits to the companies that are listed.
If you are new to the exchange, this is by far the best medium you will find to explain everything that CapEx stands for, and what you are really doing when you play the game.
Unlike CapEx CEOs in the past, Skip does not dodge around questions. At the end of the video he is asked directly, how do you screen companies for fraud. He explains the system he has developed for screening, but comes out and says there is no way to completely remove fraud, but he is going to try his hardest. The fact that he was willing to admit there is no way to full proof the system, to a live audience, and didn’t dodge the question with a series of half-baked answers gives me more confidence than I have ever had in the exchange. A few days ago, I would have questioned if the exchange could survive through a major fraud situation. If Skip would stay committed if the great news coming out of CapEx started turning sour. The presentation leaves me believing that the exchange could survive and Skip, like he has always said to me and everyone else, is in this for the long haul.
As Skip said in the presentation, CapEx is a game of skill. But before you even need skill, you need to understand the game and this video is the explanation of the game.
I normally like to work in numbers when I judge what company is the strongest. But every once in a while a non-quantitative piece of evidence comes to the surface that gives a company that extra edge over all other companies. To me, this presentation by Skip makes CapEx the best all-around investment on the exchange.
Link to the Video
Questions, Concerns, Comments, leave a message bellow.
No comments:
Post a Comment