Author: Tim Price

Tim Price is a London-based wealth manager. While most of the investing herd crowds into dangerous, overpriced stocks, Tim Price lives and breathes value investing 24/7 as he searches for great investments all over the world for his clients.

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Breakup of USA?

On the Breakdown of Nations

September 22, 2014 London, England [This letter was written by Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK.] Several years ago we highlighted the work of Leopold Kohr. Kohr was an Austrian Jew who only narrowly escaped the Holocaust. The village in which he

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Bending Time, Lost in Time

The West has lost what made it culturally exceptional.

September 1, 2014 London, England [Editor’s note: This missive was penned by Tim Price of PFP Wealth Management in the UK, a frequent contributor to Sovereign Man] “Sir, Arnaud Montebourg, the former French economy minister and the sourest note in the Hollande repertoire, dares to complain of “absurd” austerity policies ? (“Hollande purges

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The Emperor's New Clothes

Who will end up wearing the Emperor’s new clothes?

August 26, 2014 London, England [Editor’s note: This missive was penned by Tim Price of PFP Wealth Management in the UK, a frequent contributor to Sovereign Man] Few films have managed to convey the feeling of approaching menace more effectively than Jeff Nichols’ 2011 drama, ‘Take Shelter’. Its blue collar protagonist, Curtis LaForche,

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US Dollar

It’s time to confront brutal facts

August 11, 2014 London, England [Editor’s note: Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management, is filling in while Simon is teaching at his entrepreneurship camp.] On September 9th, 1965, US Navy pilot James Stockdale was shot down over North Vietnam and seized by a mob. He

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Winston Churchill

Lessons in investment warfare

“Let us learn our lessons. Never, never, never believe any war will be smooth and easy, or that anyone who embarks on that strange voyage can measure the tides and hurricanes he will encounter. The statesman who yields to war fever must realise that once the signal is given, he is no longer the master of

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Stocks

They call them ‘junk bonds’ for a reason…

July 21, 2014 London, England [Editor’s note: This missive was penned by Tim Price, Director of Investment at PFP Wealth Management in the UK and frequent Sovereign Man contributor.] They call them ‘junk bonds’ for a reason. They now constitute an offence against linguistic decency: ‘high yield’ no longer even is. Consider the

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Gold

A time of universal deceit

June 30, 2014 London, England [Editor’s Note: This column was written by Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK] “We are currently on a journey to the outer reaches of the monetary universe,” write Ronni Stoeferle and Mark Valek in their latest, magisterial

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Little by little, we went insane

June 9, 2014 London, England [Editor’s Note: This column was written by Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor.] “Are we finished ? The answer is no.” – Mario Draghi, President of the European Central Bank, 5th June 2014, having just cut ECB deposit rates to

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We all lost

[Editor’s note: This missive was penned by Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK.] “I say to all those who bet against Greece and against Europe: you lost and Greece won. You lost and Europe won.” – Jean-Claude Juncker, former prime minister of

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Investor

The modern investor’s manifesto

May 20, 2014 London, England [Editor’s note: This letter was written by Simon’s colleague Tim Price in the UK, who is currently Director of Investment at PFP Wealth Management] “The stock market is filled with people who know the price of everything, but the value of nothing.” – Philip Fisher. A personal perspective

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Einstein

Albert Einstein’s timeless advice for investors

May 6, 2014 London, England [Editor’s note: Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management is filling in for Simon today.]   “If I had an hour to solve a problem and my life depended on it, I would use the first 55 minutes determining the proper

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Stocks

Here’s why we’re investing in Japanese stocks

April 28, 2014 London, England [Editor’s note: This letter was written by Simon’s colleague Tim Price in the UK, who is currently Director of Investment at PFP Wealth Management] As contrarian investments go, we’re probably in three of the biggest. As regular readers will be aware, gold is one – subject to the

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Former central banker: “[Bankers] are making it up as they go along.”

March 3, 2014 London, England [Editors note: Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor is filling in for Simon today.] A few weeks ago, William White (former economist at the Bank of England, the Bank of Canada, and Bank of International Settlements) made a frank admission.

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Why do we have faith in gold? (one simple statistic)

January 6, 2014 London, England [Editor’s Note: Tim Price, Director of Investment at PFP Wealth Management and frequent Sovereign Man contributor is filling in for Simon today.] On December 31st, 1964, the Dow Jones Industrial Average stood at 874. On December 31st, 1981, it stood at 875. In Buffett’s words, “I’m known as

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