19: Simon Black - Finding Outsized Returns Off the Beaten Path

Simon Black is the owner and figurehead of the popular publication Sovereign Man. We have been following Simon’s advice and putting it into practice for years, and had the opportunity to have a conversation with him geared toward investing. Appropriately labelled “Finding Outsized Returns Off the Beaten Path” this episode focuses on how Simon utilizes his vast world experience (now visited over 120 countries) and enviable network to find investment opportunities around the world. From precious medals & Bitcoin, to agricultural projects and start-ups, Simon is about as well diversified as someone could get and his investment views are shaped through more experience that anyone could hope to obtain in a lifetime… or 2. Relevant links for guest: Website – Sovereign Man YouTube – Sovereign Man HQ Twitter – The Sovereign Man Where are we:  Sam – Lviv, Ukraine Simon – Santiago, Chile  Recommended (books, subscriptions):  Adventure Capitalist – Jim Rogers Emergency – Neil Strauss Discussed (relevant links): August 2016 Income Report – Johnny FD Peer Street vs. Lending Club – ILAB 13 with Brett Crosby Time Stamp – Topic: 03:00 – Catch up about Chile 08:25 – Simons annual travel schedule 10:00 – Finding unique opportunities through boots on the ground 12:00 – Jim Rogers’ inspiring travel 14:30 – Simon’s background in Intelligence 15:00 – The importance of personal freedom 17:50 – Simon’s view on owning precious medals 23:05 – Liquidity in physical gold bullion 25:00 – What mint or coinage is the best to acquire? 26:30 – Purchases larger balls vs. smaller coins 28:45 – When do you own too much of something? 29:40 – How to purchase gold around the world 32:15 – Bitcoin vs. precious medals 33:00 – Where to hold Bitcoin 36:15 – Why you may not want to trust your bank 37:15 – Simon’s Sovereign Academy 40:00 – Where does Simon invest his money 41:00 – Why are private businesses great assets to own 44:00 – The power of network and connections 46:00 – The skill of investing 48:25 – Types of businesses Simon likes to invest in 50:30 – Control vs. dependence in business ownership 52:00 – Deal flow and private company management 53:30 – Invest in things you understand 54:45 – How can we invest along side of Simon 56:30 – Do things that make sense no matter what 58:15 – Finding out more about Simon and his investment approach If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.