Key performance indicators for success | Midas Letter RAW ft NUMI, VXTR
Key performance indicator (KPI) – name (company) – a set of quantifiable measures used to assess overall long-term performance.
We have members of the public writing questions every week for James and Ed to answer. This week, the topic of KPIs to measure success was posed. Success is defined differently for a lot of people, so we do our best to discuss what that means for us on the show.
Investors probably define success as price appreciation (being able to buy low and sell high). This week we are discussing the maintenance of the price of copper. We see opportunities for success around copper for the simple reason that the metal is used in everything electrical. Basic economics suggests that with high demand and with current supply constraints, price can only go one way.
To assess performance in a company’s stock chart, you need to be able to perform technical analysis. As Ed is back this week, he reviews some of the top headlines we follow in the cannabis business.
Another performance indicator of success can be defined as the overall level of happiness of a person. One way to achieve a sunny disposition or to treat mental health is currently being proven through psychedelics. This week we discuss the latest events in the mushroom boom industry that are contributing to people’s mental well-being.
Whatever your definition of success, “This is the real secret of life: to be completely engaged in what you do here and now.” And instead of calling it work, realize it’s play. – Alan Watts
We also have two exclusive interviews on the bridge this week:
Numinus Wellness Inc (CVE: NUMI, OTCMKTS: LKYSF) CEO Payton Nyquvest
Numinus Wellness helps people heal and feel good through the development and delivery of innovative mental health care and access to safe, evidence-based psychedelic therapies. The Numinus Wellness model – including psychedelic production, research, and clinical care – aims to heal rather than manage symptoms of depression, anxiety, trauma, pain, and addiction. Numinus was the first Canadian public company to achieve a legal harvest of Psilocybe mushrooms. The company has experienced tremendous revenue growth through the acquisition of clinics that use psychedelic therapy treatments.
Voxtur Analytics Corp (OTCMKTS: VXTRF, CVE: VXTR) is a transformational real estate technology company redefining industry standards. The company offers targeted data analytics to simplify tax solutions, real estate appraisal and settlement services across the loan lifecycle for investors, lenders, government agencies and service providers. Voxtur’s platform makes it possible to appraise properties, receive loans and assess taxes faster, cheaper and more accurately. We chat with CRO Matt Harrick to discuss the different revenue models that Voxtur owns and seeks to develop and how these models are evolving in the current environment.
00:00 – Midas RAW Letter
01:35 – Jordan Peterson
02:43 – Show summary
03:19 – Psychedelics
4:30 a.m. – Summer doldrums
05:12 – Copper
9:15 am – ** Interview with CRO Matt Harrick from Voxtur Analytics **
18:59 – VXTR chart
8:40 p.m. – Weed stocks
21:13 – CL chart
21:26 – CRON chart
21:40 – CURA chart
22:27 – GRAM.U chart
24:09 – PLTH graph
24:47 – US federal legalization
26:04 – Cannabis bubble
26:32 – Cannabis Supreme Canopy Growth Accord
27:20 – Reality of the Canadian financial market
30:20 – ** Payton Nyquvest, CEO of Numinus Wellness **
41:45 – Mental health
45:35 – CYBN Chart
45:54 – Questions from the audience
46:02 – Investment book recommendations
47:39 – KPI for success
49:25 – Fundamental value vs share price
50:07 – Bitcoin short positions
50:59 – US debt ceilings