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February 09 2012
Company Files
New Zealand Energy Corp.
NZEC – what's going on?

February 06 2012
Commentary - Of rights and responsibilities

February 02 2012
Risk assessment/Risk reduction - Have I got a stock tip for you!
Southern Arc Minerals Inc. - Main page (updated)

January 19 2012
Recommended Reading
I like a good mystery

January 13 2012
Commentary - Shawn Ryan says YES YOU CAN!

January 10 2012
Recommended Reading
A Tale of Two Employees

January 09 2012
Risk assessment/Risk reduction - The demons within… or choose your battles carefully
Southern Arc Minerals Inc. - Main page (updated)

January 03 2012
Guest Article
Money is time: Chris Bart responds
Chris Bart

December 22 2011
Commentary - Money is time

December 14 2011
Risk assessment/Risk reduction - Mud puddles at your feet
Southern Arc Minerals Inc. - Main page (updated)

December 13 2011
Company Files
New Zealand Energy Corp.
NZEC – what you know and who you know

November 17 2011
Recommended Reading
Steve Jobs: Obsessed… or possessed?

November 05 2011
Recommended Reading
The Rare Find – spotting exceptional talent before everyone else

November 02 2011
Links of Interest
Gold ready to attack prior highs in the 1900’s
David Banister

October 29 2011
Commentary - Desperadoes and thieves

October 27 2011
Links of Interest
A rally for gold
David Banister

October 17 2011
Commentary - Like silent raindrops fell…

October 12 2011
Commentary - Go to pancake mix

October 03 2011
Commentary - Idle hands are the devil’s tools

September 30 2011
Commentary - Choosing the best tool

September 25 2011
Risk assessment/Risk reduction - I have nothing more to say…
Southern Arc Minerals Inc. - Main page (updated)

September 14 2011
Links of Interest
Gold heading to $2,350 per ounce after 4th wave consolidation
David Banister

September 12 2011
Risk assessment/Risk reduction - The Rule of Law on West Lombok
Southern Arc Minerals Inc. - Main page (updated)

September 11 2011
Commentary - Bill and Bella

September 7 2011
Links of Interest
Bull Market In Gold Over With Double Top?
David Banister

September 5 2011
Risk assessment/Risk reduction - Perception versus reality
Southern Arc Minerals Inc. - Main page (updated)

September 3 2011
Commentary - Five Star Help!

August 27 2011
Risk assessment/Risk reduction - One leads to the other, of course!
Southern Arc Minerals Inc. - Main page (updated)

August 20 2011
Risk assessment/Risk reduction - Multiple tens of dollars
Southern Arc Minerals Inc. - Main page (updated)

July 27 2011
Commentary - Shoot the middleman!

July 20 2011
Commentary - Critical conversation

July 08 2011
Properties - West Lombok - Way Linggo and its relevance to Southern Arc (video)
Southern Arc Minerals Inc. - Main page (updated)

June 22 2011
Risk assessment/Risk reduction - Connecting the dots
Southern Arc Minerals Inc. - Main page (updated)

June 14 2011
Toolbox
Simplify Insider Trading Reports

June 03 2011
Links of Interest
Crucial Pivot Point for the CDNX Index in Canada

June 01 2011
Toolbox - What’s the grade between the highlights?

June 01 2011
Toolbox - Calculating Tonnage

May 31 2011
Commentary - A Revolution in Education

May 29 2011
Comparative Companies - East Asia Minerals (EAS.V) - Somebody’s gonna be pissed!
Southern Arc Minerals Inc. - Main page (updated)

May 15 2011
Properties - West Lombok - Pelangan - Remember though. I’m just an English major.Southern Arc Minerals Inc. - Main page (updated)

April 29 2011
Links of Interest
Where next for Gold-Silver and the SP 500 Indexes?
David Banister

April 19 2011
Feedback on 'A=B'

April 14 2011
Risk assessment/Risk reduction - Pelangan and Mencanggah: IF A=B and IF B=C, then…
Southern Arc Minerals Inc. - Main page (updated)

March 13 2011
Risk assessment/Risk reduction - Say “Hello” to my little friend!
Southern Arc Minerals Inc. - Main page (updated)

February 13 2011
Commentary - Trust me!

February 12 2011
Risk assessment/Risk reduction - All Systems 'Go!'
Southern Arc Minerals Inc. - Main page (updated)

January 31 2011
Key Personnel - Mate in Three?
Southern Arc Minerals Inc. - Main page (updated)

January 19 2011
Feedback on 'Sunday Afternoon'

January 17 2011
Risk assessment/Risk reduction - A Pleasant Sunday Afternoon
Southern Arc Minerals Inc. - Main page (updated)

January 17 2011
Properties - Pelangan Drilling Results Released
Southern Arc Minerals Inc. - Main page (updated)

January 17 2011
Properties - West Lombok IUP Issued
Southern Arc Minerals Inc. - Main page (updated)

December 9 2010
Toolbox:
To Suppress or Not to Suppress

December 8 2010
Feedback on 'Relationships'

December 7 2010
Risk assessment/Risk reduction - Relationships
Southern Arc Minerals Inc. - Main page (updated)

November 24 2010
Risk assessment/Risk reduction - Big Picture… Little Picture – another walk around the barn
Southern Arc Minerals Inc. - Main page (updated)

November 24 2010
Properties - Taliwang - Southern Arc and Newcrest Sign a Heads of Agreement
Southern Arc Minerals Inc. - Main page (updated)

November 24 2010
Key personnel - Mike Andrews
Southern Arc Minerals Inc. - Main page (updated)

November 12 2010
Risk assessment/Risk reduction - Straight and to the Point
Southern Arc Minerals Inc. - Main page (updated)

November 12 2010
Properties - Tirtomoyo/Karang Tengah
Southern Arc Minerals Inc. - Main page (updated)

October 29 2010
Indonesia - The "Fifth BRIC"
Southern Arc Minerals Inc. - Main page (updated)

October 28 2010
Risk assessment/Risk reduction - What’s Southern Arc worth?
Southern Arc Minerals Inc. - Main page (updated)

October 7 2010
Key personnel -Insider Trading Summary Report
Southern Arc Minerals Inc. - Main page (updated)

October 4 2010
Properties - East Elang/ Sabalong - Southern Arc Strikes First Joint Venture Deal
Southern Arc Minerals Inc. - Main page (updated)

September 15 2010
Toolbox: In Situ Valuation Calculator

September 10 2010
Risk assessment/Risk reduction - Various and Sundry
Southern Arc Minerals Inc. - Main page (updated)

August 30 2010
Properties - West Lombok Maps Update
Southern Arc Minerals Inc. - Main page (map update)

July 12 2010
Properties - Taliwang - Taliwang IUP Issued
Southern Arc Minerals Inc. - Main page (updated)

July 12 2010
Risk assessment/Risk reduction - Bureaucratic
Southern Arc Minerals Inc. - Main page (updated)

June 8 2010
Risk assessment/Risk reduction - Fundamentals - Nickel Oil & Gas Corp.
Southern Arc Minerals Inc. - Main page (updated)

June 7 2010
Southern Arc Minerals Inc. - Main page

March 30 2010
Recommended Reading
Cigars, Whiskey & Winning

March 23 2010
Recommended Reading
The Greatest Trade Ever

March 22 2010
Size and staying power...

March 14 2010
… but the greatest of these is charity!

October 23 2009
New Additions to Library

September 10 2009
TEGWAR

September 9 2009
Just one more barrel of flour

June 30 2009
Survey Reports
Impact Silver Corp (updated)

June 19 2009
Guest Article
If I'm So Smart, How Come
I Don't Run PIMCO?

Gabriel Gray

June 19 2009
Is Indonesia ready to play
in the big leagues?

Kevin Graham

April 9 2009
Short Selling is Bad
for the Market

April 2 2009
Epithermal Gold for Explorationists

March 31 2009
Epithermal Deposits –
gold and silver

March 31 2009
Epithermal gold deposits, geothermal systems and volcanoes

March 22 2009
Southern Arc Minerals – Valuations for Selodong

February 12 2009
Guest Article
The Obama Stimulus:
All Porked Up and
Nowhere to Go

Gabriel Gray

December 27 2008
Canadian Crisis?
Give me a Break!

December 23 2008
Wheel of Misfortune

December 16 2008
Metal Markets?
Go East Old Man!

November 29 2008
You can get it wrong and still you think that it’s all right

October 31 2008
Winners and Losers

September 19 2008
The Indonesia Factor, or… Can’t see the Forestry for the Greed

September 10 2008
Survey Reports
Impact Silver Corp (updated)

September 9 2008
Survey Reports
Silvermex Resources

August 6 2008
Survey Reports
Oroco Resource Corp.

July 15 2008
Southern Arc and
Canada Nickel

July 10 2008
Guest Article
I May Be Drunk, But You're A Nincompoop.
Gabriel Gray

June 20 2008
The TSX Venture Exchange: Fire in the Hole!

June 16 2008
Pediment readies itself for a major step forward

June 10 2008
Survey Reports
Puma Exploration

June 4 2008
Toolbox:
Mining Company Survey Form

June 2 2008
Run fast, run far!

May 30 2008
Survey Reports
Tarsis Capital Corp.

May 30 2008
Survey Reports
Impact Silver Corp

May 27 2008
Survey Reports
Dajin Resources Corp

May 26 2008
Engagement is Everything!

May 26 2008
Guest Article
A Case Study in Due Diligence: Southern Arc Minerals
Omar Boulden

May 22 2008
When the ‘fan club’ wins,
due diligence loses

May 22 2008
Survey Reports
Garibaldi Resources Corp.

May 21 2008
Survey Reports
Grenville Gold Corp.

May 20 2008
Insider Holdings Summary Reports

May 12 2008
Guest Article
The Zoo Needs More Animals
Gabriel Gray

May 8 2008
Mineral Mining and Exploration Companies on the Venture

May 6 2008
Insider Trading Summary Reports

May 6 2008
British Columbia Securities Commission List of Disciplined Persons

May 5 2008
Insider Trading – Transparency for Lay Investors?

April 28 2008
Would you like some fries
with that investment?

April 24 2008
Southern Arc Minerals Inc.
Survey report

April 23 2008
You say you want a revolution…

April 23 2008
Rare Element Resources Ltd.
Survey report

April 17 2008
Such stuff as dreams are made on… a teaser

April 17 2008
Guest Article
Let's call it the LIE-BOR
Gabriel Gray

April 16 2008
Guest Article
Inflation vs. Hyperinflation
Gabriel Gray

April 9 2008
Hard Rock Miner’s Handbook and Rules of Thumb

April 8 2008
An Introduction to Geology and Hard Rock Mining

April 5 2008
So you think you can geo?

April 4 2008
Southern Arc Minerals Inc.
Toss a Pebble in a Pond

April 3 2008
Required Reading
Exploring Geology

March 31 2008
Guest Article
What if it's not a bubble? – Bubbles past and present
Gabriel Gray

March 28 2008
If it’s neither informative nor entertaining, what’s the point?

March 25 2008
Guest Article
Gold + Money Supply =
A Tool for Gold Analysis

Kim Brasington

March 24 2008
Rare Element Resources Ltd.
Preliminary Report

March 24 2008
Insider Trading Tutorials

March 16 2008
Pediment Exploration Ltd.
Site Visit Report

March 14 2008
Southern Arc Minerals Inc.
PDAC Workshop

March 13 2008
Toolbox: Cubing the Hole

________________________

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Cigars, Whiskey & Winning

March 30, 2010

Al Kaltman

Prentice Hall Press, 1998

This is one of many books I’ve picked up over the years but hadn’t gotten around to reading. A deceptively easy read, this one’s packaged in bite-sized portions so I found myself able to pick it up and put it down, and still finish the entire book over the weekend.

The sub-title is “Leadership Lessons from General Ulysses S. Grant”. The book offers 250 lessons, a page to each. Each page begins with a brief preamble to set the stage, then offers an excerpt from General Grant’s memoirs (themselves published after his death in 1885), and concludes with the summary lesson, placed in a modern times context.

My copy of the book is covered with yellow highlighter, not something I do habitually, and an indicator of keen interest on my part. As I worked my way through the book, I found myself often staring into space, relating what I read to my own experience. For me, that’s the sign of a good read. If I can put a book down and declare that I come away with just one good idea, it’s been a worthwhile investment of my time. Anything more than that is a bonus. In truth, there’s nothing truly earth shattering in what I read, but it’s an excellent ‘back to basics’ refresher, set on an historic stage, and with a fascinating, larger-than-life character front and centre.

Bottom line is that, depending on your mood and your circumstances, this book may offer you both an enjoyable read and contextual value as you consider real-life situations. I recommend it heartily. Here are 50 snippets that set me to thinking. All of these are direct quotations from the book. The italics are from Grant’s own memoirs (another reading assignment for me to get to sometime soon), linked here: http://www.gutenberg.org/files/4367/4367-h/4367-h.htm ).

  1. … it didn’t matter what he or his parents thought his name was, the official application said his name was “Ulysses S.” and that application could not be changed. If Hiram U. Grant wanted to attend West Point, he would have to change his name… The Lesson: Bureaucrats will blindly obey whatever set of rules they are instructed to follow even if this leads them to take completely illogical or patently nonsensical actions.
  2. … you can’t bargain effectively… by laying your cards face up on the table.
  3. My exploit was equal to that of the soldier who boasted that he had cut off the leg of one of the enemy. When asked why he did not cut off his head, he replied: Someone had done that before.”
  4. … first, that things are seen plainer after the events have occurred; second, that the most confident critics are generally those who know the least about the matter criticized.
  5. Your real focus should be on effectiveness, not style.
  6. Without meaningful work, life stinks.
  7. A bad reputation is difficult, if not impossible, to shake.
  8. … take a deep breath and press on.
  9. No one likes to work in an environment where there are no rules and anything goes. Your people need and want structure, and they will respect you for providing it.
  10. Wherever possible, treat errors and mistakes as opportunities for additional training rather than as offenses requiring punishment.
  11. You are always better off to operate shorthanded, with unfilled positions, than you are to retain poor or unreliable performers.
  12. For the good of your organization, family and friends should not receive special treatment.
  13. Avoid premature celebrations… Manage important projects as if you were running downhill in front of an avalanche…
  14. … two commanders on the same field are always one too many.
  15. The distant rear of an army engaged in battle is not the best place from which to judge correctly what is going on in front.
  16. The best way to kill a good idea is to submit it to a committee to study.
  17. You can’t accomplish very much if you scatter your resources and allow yourself to become overextended.
  18. Doing business with your competitors is like peeing in your own soup.
  19. You always have to put the good of the organization ahead of your personal feelings.
  20. Timing is everything.
  21. If you don’t want your organization’s effectiveness to suffer, you need to keep your staff busy.
  22. Because I would not divulge my ultimate plans to visitors, they pronounced me idle, incompetent and unfit to command men in an emergency, and clamored for my removal… I took no steps to answer these complaints, but continued to do my duty, as I understood it, to the best of my ability. … success is the way to silence criticism.
  23. When a Confederate officer told him that [General] Pillow had escaped, Grant said that he needn’t have bothered: “If I had captured him, I would have turned him loose. I would rather have him in command of you fellows than a prisoner.
  24. Sometimes… it is better to have a successful project and tie up the loose ends afterwards, than to deliver a neatly wrapped failure.
  25. … the best recipe for cooking a rabbit was First ketch your rabbit.
  26. Nothing boosts morale so much as success.
  27. … don’t exaggerate and don’t get emotional.
  28. Even if your resources are too limited to drain the swamp, you can at least kill a few of the alligators while waiting for help to arrive.
  29. You won’t learn anything while you’re doing the talking.
  30. Have the good sense to take sick leave if you’re ill.
  31. Confident, self-assured managers don’t worry about where they sit at the table.
  32. Worrying won’t help.
  33. Jefferson Davis… had an exalted opinion of his own military genius… On several occasions during the war he came to the relief of the Union army by means of his superior military genius.
  34. If you have to watch your back because of a subordinate, get rid of him or her. You can’t do your job if you’re standing with your back to a wall.
  35. Procrastination never solves anything.
  36. … having been selected, my responsibility ended with my doing the best I knew how.
  37. Planning begins by developing the strategic objectives that must be met for the organization to fulfill its mission.
  38. [Abraham Lincoln] “… if a man can’t skin he must hold a leg while somebody else does.” … You can’t afford to have anyone sitting on the sidelines.
  39. … rarely will you get in trouble for starting a project early, only for completing it late.
  40. The road to success is rarely smooth going; it takes persistence and tenacity to get there.
  41. Artillery is very useful when it can be brought into action, but it is a very burdensome luxury where it cannot be used.
  42. If you keep shooting the messengers, they will stop coming.
  43. If you focus only on the obstacles, you will lose sight of the goal.
  44. You can’t be too careful in your choice of words.
  45. It pays to plan for contingencies.
  46. … ferret out the truth when confronted with a situation that you sense may be rotten at the core.
  47. … our worst misfortunes usually occur only in our imaginations.
  48. If you have managers who are ineffective because of inherent character flaws, lose no time in replacing them.
  49. Good news is wonderful medicine.
  50. There are journalists who look to make the news rather than to report it.

With respect,

Kevin Graham

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