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

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 2 September 2016

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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!

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks and I'm Johnny FD. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multi-millionaires to discover new ways to invest our hard-earned cash. Hey guys, welcome back to another episode of Invest Like a Boss. On this week's episode, we have an awesome
0:22.3	guest, Simon Black. Man, sovereign man himself. I'm so excited that we got him on the show.
0:28.0	Yeah, it's awesome. I mean, we've been following Simon for a long time. And I have to say,
0:31.9	it's one of the few publications that I've stuck with over the course of several years. And I got to be honest, it shaped
0:39.6	a lot of the way that I think about the world travel, investments and lots of other things.
0:44.8	So I just signed up for his mailing list pretty recently, but I've actually been really
0:47.8	enjoying the newsletters that he sends out. So I'm really excited to have him on the show.
0:51.7	The kind of one thing that I have been kind of reading upon is there's a book called Emergency by Neil Strauss. Have you read that?
0:58.3	I have not now. In that book, he kind of talks about, you know, how to get a second passport
1:02.6	and what to do if kind of the U.S., you know, goes through another, another period of, I don't
1:10.5	say depression, but, you know, some kind of financial issues and it's one of things where there's two sides to it one is we can just you know we can become conspiracy theorist and just overthink it or we can just kind of assume that the government knows what they're doing everything's be fine I kind of like Simon's approach where he's, you know, he is more proactive
1:28.1	about it. Yeah, definitely. And, you know, their whole approach is to do things that matter anyways.
1:33.0	You know, holding some cash in a bank is it's a good idea to do anyways, right? Having an overseas
1:38.6	bank, it's a good idea to do anyways, holding a little bit of precious metals. It's great to do
1:43.0	anyways. But what really excites me about the guy is his travel schedule and his international network. So I'm really looking forward to asking him how he leverages that for his own personal investing. I mean, I know you and I travel a lot, but dude, Simon puts us to total shame. Yeah, I think I'm going to have him on the Chavala Lager Boss podcast as well. But in this episode,
2:01.9	we'll definitely make sure that you ask more about the financial side and investment side,
2:06.6	because I know everyone listening to this is excited about what to invest in, how much they should
2:11.6	invest in gold. There's other alternatives besides precious metals and all that good stuff.
2:16.3	Yeah, so hopefully we'll come away with some tidbits. Guys, stay tuned after the show. John and I have a little bit of a recap on some of the key takeaways with Simon Black. And everyone, enjoy the episode. Hey, welcome back, everybody, to another episode of Invest Like a Boss. We have a very special guest today, none other than Simon Black of Sovereign Man. Simon, thanks so much for coming on the show,
2:34.4	man. Thanks for right to me. I have to apologize a little bit because I'm currently in the Ukraine,
2:38.5	and it's the Independence Day. So it's impossible to find a quiet spot anywhere in the city. So if
2:43.5	anyone hears tanks or kids screaming or parades going by, they know why. But where are you
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Sam Marks Johnny FD Derek Spartz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Sam Marks Johnny FD Derek Spartz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.