Wealthion, Released on 9/10/21
They say those who do not understand the lessons of history are condemned to repeat them. This is not the first time that authorities have intentionally devalued currency in order to stimulate economic growth, or curtailed personal liberties in the name of public safety. The world’s central banks — the Federal Reserve, the ECB, the BoJ and the PBoC — are all expanding their money supply through inflation & deficit spending. They are fast approaching the point where their only available option to service the expanding pile of debt is to keep printing ever more, ever faster. What does history suggest will be the outcome from these efforts? And what implications will they have for those looking to preserve their wealth?
To tackle these questions, we sit down with entrepreneur, investor, world traveler and scholar of history James Hickman to the program. Under the pen name Simon Black, he is the founder of SovereignMan.com, which seeks to help investors around the globe achieve true freedom & prosperity.
Part 1 (part 2 below)
Global investor & entrepreneur James Hickman, aka Simon Black, returns here in Part 2 to discuss the methodology he recommends for investing in today’s highly uncertain market environment.
James predicts successful wealth-building in the future will require:
1. active management, where picking individual well-run companies will produce far better returns than owning a passive index
2. buying quality assets
3. low-correlation to central bank intervention (examples: gold & silver, niche agriculture, water rights, carbon credits)
James then also shares the key success qualities he looks for in the management of the companies he buys: vision, competence & integrity.
Part 2
Simon Black’s bio: https://www.sovereignman.com/about/#simon