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May 21, 2014 Sovereign Valley Farm, Chile Growing up, you might have heard your mother say at some point,“If all your friends jumped off a cliff, would you do it too?” It’s that age-old lesson about peer pressure. Parents always want their children to think independently, and not do what everyone else thinks
May 21, 2014 Hong Kong [Editor’s note: This letter was penned by Sovereign Man Chief Investment Strategist Tim Staermose] I just got back from the Myanmar Investment Summit. Things are improving rapidly in the country since they started to open up a couple of years ago, and the opportunities are incredibly exciting. Just
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
May 16, 2014 Santiago, Chile I’ve been invited to make a presentation this afternoon to a group of entrepreneurs that have been accepted into the Startup Chile program. Startup Chile is a very attractive program for entrepreneurs; they essentially receive a cash grant, a residency visa in Chile, and a number of other
May 15, 2014 Santiago, Chile According to the Chinese financial publication Securities Daily, emergency real estate rescue packages have been launched in large cities such as Wuxi, Nanning, Hangzhou, Tianjin, Tongling and Zhengzhou in the last month alone. “Zhengzhou created a mortgage guarantee policy to win back banks’ confidence” according to the story.
May 14, 2014 Santiago, Chile Last week in the Land of the Free, I heard a radio campaign ad for a local political candidate while in Texas. In the ad, he was talking about the debt and excessive government spending. And then he said something along the lines of, “We need to get
May 9, 2014 Dallas, Texas, USA Did you ever hear the urban legend about how Winston Churchill carved up a map of Africa in a drunken stupor? There’s actually no evidence to support this assertion. But what is true is that European imperialists conjured entire nations in Africa out of thin air from
May 8, 2014 Dallas, Texas, USA Remember all of those credit card and loan offers you used to receive in the mail? Bad credit? No credit? No problem. 0% APR for the first six months. Free balance transfers. No money down. And my personal favorite– no credit check. These were all classic signs
May 7, 2014 Dallas, Texas, USA Imagine for a moment that you have a neighbor who is in debt up to his eyeballs. This guy is flat broke. He’s racked up six figures worth of consumer debt wasted on worthless knick-knacks. About the only thing he has of any value is his big,
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
May 5, 2014 New York City You might not realize it, but today is a very important date. Yes, of course, it’s Cinco de Mayo. But possibly more important, it’s also the deadline for banks around the world to sign up for information-sharing agreements with the IRS. Think about it like this: imagine
May 2, 2014 New York City 20 years in prison. That’s the penalty you could face for travelling to a country the President has labelled to be “of concern”. Sending any form of monetary assistance to people in the country merits further steep penalties. Recently introduced in Congress, ‘The International Conflicts of Concern
May 1, 2014 Buenos Aires, Argentina It was a scene just like out of the Wild West. 18-year-old David Moreyra had stolen a purse. And an angry mob gathered in broad daylight in Rosario, Argentina to lynch him. It turns out that ‘mob justice’ is on the rise in Argentina, and Mr. Moreyra’s
April 30, 2014 Santiago, Chile Steve Jobs used to tell a very inspiring story about an article he read in Scientific American when he was a boy: He said that the article measured the ‘efficiency of locomotion’ of various species– essentially how many calories different animals spend getting from Point A to Point
April 28, 2014 Santiago, Chile And another one bites the dust. Now it’s Bank of America, one of the largest banks in the Land of the Free, that is inadequately capitalized. Last month, Bank of America made a lot of noise about how they were going to buy back up to $5 billion