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[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
May 30, 2014 Santiago, Chile Along with history, travel is by far one of the best teachers. Formal education in classrooms can be stifling to the mind. It makes people believe that the world actually conforms to all the snazzy theories we read about. But there’s no economic textbook on the planet that
May 29, 2014 Santiago, Chile “Every fool aspired to be a knave,” wrote Charles Mackay in his seminal work Extraordinary Popular Delusions and the Madness of Crowds (1841). Mackay was talking about the South Sea Bubble of 1720—an epic financial disaster in which the stock price of Britain’s South Sea Company soared from
May 29, 2014 Santiago, Chile Prof. Ken Rogoff’s book ‘This Time is Different: Eight Centuries of Financial Folly; is one of the best researched public works on the subject of sovereign debt. And Rogoff’s conclusions (though hotly contested due to an ‘Excel error’) were that, sensibly, governments which accumulate too much debt get
May 28, 2014 London, England [Editor’s note: This post comes from Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in the UK.] “I don’t know what to say. I’ve been investing since January and I’ve never seen anything like it.” – Unnamed Hong Kong housewife during the
May 27, 2014 Santiago, Chile In 113 BC, a major scandal erupted across the Roman Republic as three sacred vestal virgins stood accused of incestum– violations of their sexual purity. The special prosecutor brought out of retirement to try the case was Lucius Cassius Longinus Ravilla, a famous judge and former consul whose
May 23, 2014 Santiago, Chile One of the most intellectually disingenuous statements made by western policymakers is that inflation is tame… nonexistent. For example, the minutes released this week from the most recent Federal Reserve policy meeting said that the Fed saw NO inflation risk in ‘fueling job growth’ [i.e. printing money]. So
May 22, 2014 Sovereign Valley Farm, Chile In a way it’s part of the rat race. Go to school. Study hard. Get a good job. Buy stocks. Anyone from a developed western nation is almost expected to start investing in the market at some point in his/her life. “How’s your portfolio…?” goes the
May 21, 2014 Sovereign Valley Farm, Chile Busy day today… one of those days that reminds me how fast things are moving, and how quickly this version of our monetary system is being reset. Out of Beijing, Chinese financial magazine Caijing has reported that the vice president of China’s central bank Pan Gongsheng
Learn How You Can Get a Valuable Second Passport From St. Kitts and Nevis Through Citizenship By Investment AUTHOR LAST UPDATED The St Kitts and Nevis Citizenship By Investment program is widely regarded as the grandfather of CBI programs worldwide. Offering donation and property investment options, the program boasts a high-quality passport and
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.
