Robert Hirschberg is a Toronto, Canada apparel industry entrepreneur and investor.
For the past thirty five years, Mr. Hirschberg has been an active speculator in junior mining penny stocks, one of the highest-risk segments of all investing markets.
In this video, you will hear how Mr. Hirschberg parlayed $20,000 at the start of the 2000's commodity bull market to over $15 million by 2011.
He has since suffered losses of over 70% from the peak, but Mr. Hirschberg remains optimistic that junior mining's best days are ahead of it.
This is a unique story about a risk-taker who didn't know how to say no. Mr. Hirschberg explains he had difficulty speaking as a child, and realized it would be easier to just say yes to everybody than have to explain himself.
I am grateful to Mr. Hirschberg for opening up to us, and for CEO.CA producer/director Carter Smith for taking on the assignment on short notice while we were at the PDAC last month in Toronto.
There is a lot to learn from Mr. Hirschberg's story, not the least of which is to bet with money you can afford to lose. I knew we had a winner with this story on our hands when Carter commented to me, "Thanks for making me do it. Not gonna lie, most of the stuff I make I'd never show people unless they asked. This is different."
Look for future updates from Rob Hirschberg on this blog. He promises that when he finds the next big winner, he'll tell us about it.
We hope you enjoy this CEO.CA profile with Robert Hirschberg, and if you see Rob driving around Toronto in his Bentley, give him the thumbs up and be sure to ask what he's investing in.
Thanks for watching,
Tommy Humphreys
CEO.ca
i have known Rob for 25 years and he always tells the truth , He is a great guy who wants everyone to win with him , Brian
what is the address of his blog? I would be interested in reading his insights, etc.
I tried Google but couldn’t find anything. Can someone provide a link to his blog?
I totally agree with you Brian. Rob is one of the most generous people I know. I’ve known him since 1976 and he is telling the truth when he says he can’t say “no”. He is always willing to help anyone. Just a great guy!
great video… but the title is misleading… the question “how” is not responded:
1) we don’t find how he turned 15K to 1M between 2001-2008 from just buying 2 companies and holding them.
2) we don’t know how he made 10,000% between 2008-2011.
History: I had 6667 Royal Precious Metals fund at an average cost of 5.12. Sold at 5.35 because I got tired of waiting. They went to 80 dollars.
Had 10,000 of FNX at 5, sold at 6.80 picking up 16,800 profit. FNX then went to 40.
Had 10,000 GCE at 50 cents, sold at .60. they went to 13 dollars.
Had 5,000 Agnico at 12, flipped a few times, made some money. But I should have held it to 80.
Had 5500 BMO precious metals fund. Sold at a small profit. Then they went to 33.
… Many more examples, literally leaving millions on the table from selling too soon, too many to list, but still did make money.
In June 2008, had 332,000 dollars in PM stocks, from total investment of 80K, in spite of the above. Thought I should sell, end of June. Didn’t. The account dropped to 44,000 by November, I vowed to make it back and never trade again. Ran the 44,000 back up, made all my money back plus 30,000 more, to a total of 352,000. Despite my vow to quit, kept trading. It’s addictive.
2011 April, thought I should get out. Didn’t … , but I did cash out some and withdrew 150,000 leaving about 200K.
Dropped 175K on two warrants after making 64k on the same two warrants. Could have made 96K but sold too soon so dropped the 175K because I felt that if I sold they’d go up again.
The remaining 200K is now worth 17,000. You know, that 17K could go to 300 … couldn’t it?
My mother always said she would never put money into stocks. Now I know why.
But the good news is that I added 200K to the 150K I withdrew earlier, bought another small house for cash which has doubled in value since 2009. So, well ahead! – until the next real estate crash anyway!
My name is Robert, and I’m an addict.
Hello Robert, great video, I can relate, made and lost millions myself in stocks like PTSC, IBNL, Norris Communications (became EDIG) just to name a few.
I am currently fully invested (what I have) in the Canadian Junior miners and explorers. Have SSRI, GEG, SGR, MGM and CXS.
Would you care to share what pennys you are looking at right now and or holding?
Fascinating story. I wonder what his tax bill was though! Did he use RRSP’s or straight up trading accounts?