Marin Katusa is a renowned professional resource investor, life long teacher, and a New York Times bestselling author. He presents an unapologetic view of the resource industry in today’s episode:
“I have a very simple rule. My investors and myself, we get in at the same price as the managers. Skin in the game and no bullshit salaries.” — @MarinKatusa [0:08:34]
It can be an inconvenient truth that many investment managers and brokers don’t have aligned interests when they deal with investors’ capital.
Among many points, we discuss Marin’s ideal business partners and how he looks for business operators that are focused on developing expert knowledge in their chosen sector, and who have their own ‘skin in the game’. After reflecting that the truth always comes out, Marin talks about the importance of always being truthful and transparent in your dealings.
Marin shares why being an unpopular figure to some has allowed him to zone in on a small and successful portion of the industry. Marin opens up about having a quadruple bypass at 33 and how it solidified his belief in always questioning everything, especially those with authority and how it saved his life.
He discusses what CEOs should do to build a relationship with him, how he generates data to track the success rates of deals he is pitched and engineering reports he sees, and how a CEO’s character is key in deciding whether you should invest in a deal or not.
Listen to this episode to learn more about Marin’s no-nonsense approach to doing deals.
