How to Own the World: A Plain English Guide to Thinking Globally and Investing Wisely: The life-changing personal finance and investment bestseller

by Andrew Craig

Mt Gox in 2014, when $473 million worth of bitcoin was stolen; DAO in 2016, when $50 million worth of ether was stolen; and even as recently as January 2018, when a Japanese crypto exchange was hacked and over $500 million stolen.

over a lifetime of investment, the investment tortoise generally does a great deal better than the investment hare.

(i.e. providing an alternative to fiat currencies),

setting up a direct debit to pay money each month into funds that will benefit from global growth and inflation.

You can’t get to your destination unless you know where it is.

Croatia, perhaps),

One of the biggest mistakes people make with their investments is that they tend, in the main, to own assets from their own country.

One of these is The Ivy Portfolio by Mebane

Faber and Eric Richardson,

endowments.

paying just a few hundred pounds each month into a fund that is consistently making these sorts of returns really will result in you having at least a million pounds at retirement, and possibly far more.

prosperity, inflation, deflation and recession.

from one month to six months of salary.

Owning gold alone will ensure that you own inflation for the time being.

Silver tends to amplify whatever gold does.

Ben Graham,

owning such a wide variety of assets makes your portfolio too neutral to perform successfully,

Much as we fight it, very few of us have the knowledge or self-confidence to be truly contrarian.

UK smaller companies has achieved an annual return of no less than 15.4 per cent

Increasingly, you are able to find out who these people are and follow their advice, often entirely free of charge.

‘top-down’ analysis: working out big themes that help you to asset allocate most effectively. (To do this requires a basic grasp of current affairs, economics and economic history.)

It is a relatively rare person who thinks explicitly about human psychology, has a basic grasp of economics and economic history, follows current affairs, respects and has at least a basic understanding of both fundamental and technical analysis and knows how to arrange their affairs so that they can invest in all major asset classes in a cost-effective fashion.

‘Behavioural finance’

Chartered Institute for Securities & Investment (CISI)

‘Principles of Investment Risk and Taxation’

How he did it is detailed in his excellent book Way of the Turtle.

Precious metals and precious metal mining funds and companies 2 Oil/energy/oil services funds and companies

Healthcare, pharmaceutical and biotechnology funds and companies 4 Emerging-market infrastructure: water, railways, automotive, agriculture 5 Potentially explosive frontier markets: Zimbabwe, Mongolia, Burma/Myanmar 6 ‘Rich’ country funds (bonds and shares): Singapore, Qatar, Norway, Canada, Australia 7 The world’s best technology companies: Microsoft, Oracle, Intel, Apple 8 The world’s best consumer goods companies: P&G, Unilever, etc. 9 The world’s best tobacco, gambling and brewing companies (‘sin’ investing)

Clean energy/new energy technologies that don’t require government subsidy: uranium, ...

Dare I confess that I think it is also actually very good fun working out how to make money from the news?

It is entirely possible to make a great deal of money investing in banks if you are very clever and have a deep knowledge of a large number of complex investment ratios,

I feel strongly that any bond exposure you have in your portfolio should be via bond funds.

fundamental analysis of foreign exchange is rather specialist and not something the private investor can learn overnight.

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