What You Learned From the 2008 Global Financial Crisis?

Piffany: 2008 was sort of a revelation via a two by four to the head. The environment which is good for natural resource equities, rising inflationary backdrop can bring about levels of volatility that leave nothing unscathed including resource equities. So you know it was a tough lesson to learn but it sort of shaped the way I thought about resource investing after that. Piffany: If we're going to have a really super volatile sector let's invest in companies that are more stable free cash flow generating good balance sheets.