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June 26, 2013 Maule Region, Chile One of my favorite things I do each year is our annual Liberty and Entrepreneurship camp, which we hold each summer in Europe. It’s predominantly for younger people in their early to mid 20s, and one of the things that we drive home each and every year
June 17, 2013 Santiago, Chile In remarks given late last week to the curiously named United States Institute for Peace, the head of the Treasury’s Financial Crimes Enforcement Network (FinCEN) vociferously denied any attempts at regulating digital currency… specifically Bitcoin. The speech, entitled “The virtual economy: potential, perplexities and promises”, can be downloaded
June 13, 2013 London, England [Editor’s note: Tim Price, Director of Investment at PFP Wealth Management in the UK and frequent Sovereign Man contributor, is filling in for Simon this morning.] As Ben Graham, the father of value investing, observed, an investment operation “is one which, upon thorough analysis, promises safety of principal
June 12, 2013 Santiago, Chile If you’re one of the 1,000+ subscribers who has take the trip down to Chile, you might have had the pleasure of meeting Marco, my right-hand man in Chile. One of the great things about Marco is that he intuitively understands our Sovereign Man philosophy. Because he lived
June 10, 2013 Santiago, Chile On a ski slope, there are two kinds of people. The first group is people who seem to have been born on skis. The second group is the people who are humiliated by the first group. Having grown up in Texas, I never saw snow until my first
June 7, 2013 Maule Region, Chile For some, it’s hard to even fathom… as if the headlines were ripped from the Onion instead of Atlas Shrugged or 1984: NSA Is Wired Into Top Internet Companies’ Servers, Including Google and Facebook NSA reportedly collecting phone records of millions Former NSA head defends agency reportedly
June 6, 2013 Jakarta, Indonesia [Editor’s note: Tim Staermose, Sovereign Man’s Chief Investment Strategist, is filling in today while Simon is looking at agricultural property in Chile.] It’s always a bit amusing to meet an investor making money in the markets right now who actually thinks it’s because he’s smarter than everyone else.
May 31, 2013 New York City About once or twice a month for the past few years, it’s been a steady ritual of mine to conduct a Google search for the words “all-time high” and “all-time low”. The results provide an interesting big picture perspective on what’s happening in the world. A recent
May 30, 2013 New York City Anytime a free market guy rails against central planning and socialism, there is always someone who stands up and says “what about Sweden?” Ah, Sweden… a socialist’s paradise… a place where taxes are among the highest in the world, few people are wealthy, and the government is
May 29, 2013 Sarasota, Florida, USA In the largest such case ever brought by the US federal government, the Department of Treasury shut down virtual currency provider Liberty Reserve yesterday as a ‘primary money laundering concern.’ If you’re not familiar with Liberty Reserve, it was a Costa Rica-based platform that allowed its 1+
May 28, 2013 Sarasota, Florida, USA Last month at our event in Santiago, Ron Paul told me that he used to keep a sign on his desk during his time in Congress that read: “Don’t steal. The government hates competition.” These days, perhaps a more appropriate saying would be– “Don’t violate people’s civil
May 27, 2013 Dallas, Texas, USA Today is the Memorial Day holiday in the Land of the Free. Curiously, this is the day that the federal government sets aside for citizens to reflect on the sacrifices made by soldiers throughout history to ‘preserve our freedoms.’ At least, that’s what we’re told. We’re programmed
May 24, 2013 Dallas, Texas, USA Years ago as a young intelligence officer, I served a stint in Saudi Arabia running a team of counter-terrorism analysts and agents. We used to have regular “threat working groups,” a fancy way of saying we would get together at the US Embassy for meetings with the
May 23, 2013 Dallas, Texas, USA Last week when I arrived to Bangladesh, the immigration officials there were positively ecstatic to see a foreign tourist entering the country. I’ve also been to places in Africa and the South Pacific where you’re greeted upon arrival by dancing tribespeople singing songs of welcome. It’s not
May 22, 2013 London, England [Tim Price, frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management, is filling in for Simon today.] James Montier’s bible on behavioural finance, ‘Behavioural investing’, points out two recent discoveries by neuroscientists that have relevance to all investors: 1) We are hard-wired to think short-term,
