1 00:00:13,680 --> 00:00:17,160 Speaker 1: Everyone, Welcome to another episode of the Market Disruptors Show. Today, 2 00:00:17,200 --> 00:00:20,120 Speaker 1: I am sitting down with Jay Martin. He's the CEO 3 00:00:20,520 --> 00:00:24,079 Speaker 1: of Cambridge House International UM. They do a lot of 4 00:00:24,079 --> 00:00:26,560 Speaker 1: live events, a lot of media, and a lot of 5 00:00:26,560 --> 00:00:29,240 Speaker 1: stuff around the gold and small cap industry, which of 6 00:00:29,280 --> 00:00:32,040 Speaker 1: course I spend a lot of time talking about. What 7 00:00:32,080 --> 00:00:34,200 Speaker 1: I like about Jay is he has this insight because 8 00:00:34,200 --> 00:00:36,480 Speaker 1: he's kind of behind the scenes in these in these videos. 9 00:00:36,479 --> 00:00:38,440 Speaker 1: There's so much good information that we can get from him, 10 00:00:38,560 --> 00:00:40,479 Speaker 1: and I'm so excited to sit down with him. So, Jay, welcome, 11 00:00:41,400 --> 00:00:44,000 Speaker 1: Thank for having me Mark. It's great the job with you. Yeah. 12 00:00:44,040 --> 00:00:47,040 Speaker 1: You know, I I've built my career off of the 13 00:00:47,600 --> 00:00:49,600 Speaker 1: statement and I say it all the time. The success 14 00:00:49,680 --> 00:00:52,840 Speaker 1: leaves clues, and so I like to follow successful people 15 00:00:52,840 --> 00:00:55,000 Speaker 1: and see what I can learn from him. And uh, 16 00:00:55,120 --> 00:00:57,400 Speaker 1: I know you're kind of in the same space like you. 17 00:00:57,400 --> 00:00:59,760 Speaker 1: You you put these events together, you bring all these 18 00:01:00,000 --> 00:01:01,920 Speaker 1: well together, and I'm sure you're learning so much. So 19 00:01:02,240 --> 00:01:03,520 Speaker 1: I want to see what I can learn from you 20 00:01:03,600 --> 00:01:06,040 Speaker 1: and what the audience can as well. But for those 21 00:01:06,080 --> 00:01:07,959 Speaker 1: that haven't been following, you haven't made before, just give 22 00:01:08,000 --> 00:01:09,399 Speaker 1: us a little bit of background. What is it that 23 00:01:09,440 --> 00:01:12,880 Speaker 1: you've been working on and what are you doing? Yeah, 24 00:01:12,959 --> 00:01:16,520 Speaker 1: so predominantly Mark, I'm a small cap investor, right I. 25 00:01:16,720 --> 00:01:19,720 Speaker 1: Um I I look at sort of venture listed or 26 00:01:19,760 --> 00:01:23,880 Speaker 1: CSC listed companies. UM I offer a newsletter where I 27 00:01:23,959 --> 00:01:28,240 Speaker 1: talk about that and essentially talking about the trends I 28 00:01:28,240 --> 00:01:31,440 Speaker 1: see the companies I'm investing in. Pretty Much everything I 29 00:01:31,480 --> 00:01:34,560 Speaker 1: do is is you know, following the money, right. The 30 00:01:34,640 --> 00:01:37,840 Speaker 1: money flow is is my first indicator and almost my 31 00:01:37,920 --> 00:01:42,800 Speaker 1: last rate. It's my business has really built around building 32 00:01:42,840 --> 00:01:45,920 Speaker 1: and maintaining a network of money managers and portfolio managers 33 00:01:45,920 --> 00:01:49,200 Speaker 1: in the space. UM I hold those relationships very very 34 00:01:49,240 --> 00:01:53,880 Speaker 1: tight with the intention of knowing first where dollars are moving, right, 35 00:01:53,920 --> 00:01:56,600 Speaker 1: And so if I'm looking at an industry, you know, 36 00:01:56,640 --> 00:01:59,120 Speaker 1: the first thing I I'm looking for is when is 37 00:01:59,120 --> 00:02:01,840 Speaker 1: the smart money starting to move in? And so yeah, 38 00:02:01,840 --> 00:02:03,760 Speaker 1: based on that, you know, I'm an investor first, and 39 00:02:04,120 --> 00:02:06,920 Speaker 1: I'm pretty active in the spec market. The early stage 40 00:02:06,960 --> 00:02:09,160 Speaker 1: hirisk stuff is where I like to spend my time. 41 00:02:10,040 --> 00:02:12,400 Speaker 1: Probably too weighted in that industry, to be honest with you. 42 00:02:12,840 --> 00:02:15,679 Speaker 1: My newsletter talks about that. I host a show on 43 00:02:15,760 --> 00:02:18,680 Speaker 1: my YouTube channel which is is a bit of a 44 00:02:18,720 --> 00:02:21,520 Speaker 1: step back from the actual market itself. Maybe it's more 45 00:02:21,680 --> 00:02:24,560 Speaker 1: macro themes. So the way I explained it is, my 46 00:02:24,680 --> 00:02:28,720 Speaker 1: newsletter is focused on making money and YouTube show is 47 00:02:28,760 --> 00:02:31,120 Speaker 1: focused on protecting it. Right, So we talked more about 48 00:02:31,120 --> 00:02:35,320 Speaker 1: safe haven asset classes and more conservative stuff. Um. Yeah. 49 00:02:35,360 --> 00:02:37,280 Speaker 1: And then in in pre COVID times, you know, we 50 00:02:37,360 --> 00:02:41,480 Speaker 1: host a series of investment conferences, um, all over North America. 51 00:02:41,680 --> 00:02:45,160 Speaker 1: You know, our biggest shows are in Vancouver, Canada, Las Vegas, Nevada, 52 00:02:45,240 --> 00:02:50,520 Speaker 1: San Francisco, Toronto, Ontario, but we've been all over you know, Boston, 53 00:02:50,600 --> 00:02:54,840 Speaker 1: Palm Springs, Montreal. It really depends, you know that the 54 00:02:54,919 --> 00:02:57,440 Speaker 1: live event industry when it comes to the capital markets, 55 00:02:58,040 --> 00:03:00,560 Speaker 1: it really you really have to watch the market right 56 00:03:00,600 --> 00:03:02,840 Speaker 1: because you know, if it's a hot gold market, you'll 57 00:03:02,880 --> 00:03:06,480 Speaker 1: do well in Vancouver, you'll do well in San Francisco. Still, 58 00:03:06,520 --> 00:03:09,720 Speaker 1: you know, a pretty historical population of gold investors in 59 00:03:09,760 --> 00:03:13,200 Speaker 1: the Bay Area. UM. If it's if it's more agnostic, 60 00:03:13,280 --> 00:03:16,120 Speaker 1: we do well in Vegas, we do well in Toronto. Um. 61 00:03:16,400 --> 00:03:18,360 Speaker 1: And so it's you know, up to us to really 62 00:03:18,400 --> 00:03:21,280 Speaker 1: know what markets are hitting, where the populations that investing 63 00:03:21,600 --> 00:03:26,239 Speaker 1: that invest in those sectors live and and uh yeah, 64 00:03:26,240 --> 00:03:28,040 Speaker 1: and they're generally open to the public. Their range in 65 00:03:28,120 --> 00:03:30,360 Speaker 1: size from I guess at the small end, maybe a 66 00:03:30,400 --> 00:03:33,600 Speaker 1: thousand investors would attend and will have sort of fifty 67 00:03:33,680 --> 00:03:36,240 Speaker 1: to sixty small cap companies, and then at the larger end, 68 00:03:36,440 --> 00:03:38,960 Speaker 1: you know, ten eleven thousand investors and five or six 69 00:03:39,400 --> 00:03:43,000 Speaker 1: small cap companies. UM. And then we have a private 70 00:03:43,040 --> 00:03:46,080 Speaker 1: investor club called the Panjia Club, which is really like 71 00:03:46,160 --> 00:03:48,800 Speaker 1: handpicked investors that I meet along the way. There's no 72 00:03:49,040 --> 00:03:52,800 Speaker 1: quantitative criteria. Uh, it's it's just people that I meet 73 00:03:52,800 --> 00:03:56,440 Speaker 1: through the trade show, business, through the newsletter UM subscribers 74 00:03:56,440 --> 00:03:59,640 Speaker 1: and whatnot that I identify as being superactive in the 75 00:03:59,680 --> 00:04:02,360 Speaker 1: venture market UM, and that I enjoy spending time with. 76 00:04:02,480 --> 00:04:05,160 Speaker 1: It's like the unofficial no douche head clause, right. And 77 00:04:05,240 --> 00:04:07,320 Speaker 1: we we we have this club where we look at 78 00:04:07,360 --> 00:04:10,200 Speaker 1: deals together. I often fly club members out to locations 79 00:04:10,200 --> 00:04:13,080 Speaker 1: and we'll we'll have handpicked you know, six eight deals. 80 00:04:13,080 --> 00:04:15,640 Speaker 1: So it sort of view diligence on together co invest 81 00:04:16,440 --> 00:04:18,039 Speaker 1: It's a lot of fun. It's kind of all about 82 00:04:18,080 --> 00:04:21,280 Speaker 1: camaraderie and and uh, you know, co diligence and get 83 00:04:21,320 --> 00:04:24,200 Speaker 1: to rub shoulders and just talk shop and and just 84 00:04:24,279 --> 00:04:26,560 Speaker 1: kind of borne out of the conference business and and 85 00:04:26,600 --> 00:04:29,360 Speaker 1: the Panjia Club now is probably my my favorite part 86 00:04:29,360 --> 00:04:31,880 Speaker 1: of the business, to be honest. Yeah, that's awesome that 87 00:04:31,920 --> 00:04:34,120 Speaker 1: you're able to build that network. I love the saying 88 00:04:34,160 --> 00:04:37,320 Speaker 1: that your network is your net worth and so UM. 89 00:04:37,400 --> 00:04:38,520 Speaker 1: I look back on a lot of things that I've 90 00:04:38,520 --> 00:04:41,039 Speaker 1: been successful on and it was like, you know, where 91 00:04:41,080 --> 00:04:42,400 Speaker 1: do I get that idea or whatever? And it was 92 00:04:42,400 --> 00:04:44,680 Speaker 1: from somebody that I knew, right, So it's like being 93 00:04:44,720 --> 00:04:47,000 Speaker 1: able to rub shoulders with everybody makes such a big difference. 94 00:04:47,520 --> 00:04:49,719 Speaker 1: I just want to quantify if everybody listening though. You 95 00:04:49,800 --> 00:04:53,160 Speaker 1: say small cap, so you're you run these events, you're 96 00:04:53,160 --> 00:04:56,480 Speaker 1: invest in small cap? What what do you consider small cap? Yeah, 97 00:04:56,600 --> 00:04:59,720 Speaker 1: that's a good question, and I guess when it comes 98 00:04:59,720 --> 00:05:02,039 Speaker 1: to my conferences, you know, the sweet spot would be 99 00:05:02,200 --> 00:05:07,120 Speaker 1: companies that are either looking to list have a listing 100 00:05:07,240 --> 00:05:10,599 Speaker 1: on the Venture Exchange or the OTC in the US, 101 00:05:10,760 --> 00:05:13,279 Speaker 1: or the Canadian Securities Exchange up here or the Toronto 102 00:05:13,320 --> 00:05:16,200 Speaker 1: Venture UM and typically to look in to raise between 103 00:05:16,240 --> 00:05:18,760 Speaker 1: sort of five to thirty million. That's our sweet spot 104 00:05:18,800 --> 00:05:21,440 Speaker 1: for the companies that will work with UM and help 105 00:05:21,480 --> 00:05:23,960 Speaker 1: them acquirity shareholder base. When it comes to investing myself 106 00:05:24,120 --> 00:05:27,720 Speaker 1: in the spec sector, um, you know, really markets, it's 107 00:05:27,760 --> 00:05:30,040 Speaker 1: all over like on the small end. You know, we'll 108 00:05:30,080 --> 00:05:32,760 Speaker 1: look at companies that are maybe like sub hunter mill 109 00:05:32,880 --> 00:05:35,000 Speaker 1: market cap for sure, you know, even thirty to fifty 110 00:05:35,000 --> 00:05:38,360 Speaker 1: million market cap um. Uh, even pretty public for sure 111 00:05:38,400 --> 00:05:42,679 Speaker 1: as well. So, um, I like the early stage stuff, 112 00:05:43,200 --> 00:05:47,159 Speaker 1: um because I'm I'm you know, I'm all about the people, 113 00:05:47,360 --> 00:05:49,599 Speaker 1: and it's it's far more important to me that that 114 00:05:49,680 --> 00:05:52,240 Speaker 1: I'm betting on the right entrepreneur and so the earlier 115 00:05:52,279 --> 00:05:54,400 Speaker 1: I can get in the better right as far as 116 00:05:54,520 --> 00:05:58,280 Speaker 1: needing that. So um, yeah, but you know I played 117 00:05:58,320 --> 00:06:01,080 Speaker 1: pretty heavy in the precious metals industry and and uh 118 00:06:01,120 --> 00:06:03,159 Speaker 1: you know take positions and companies as big as wheat 119 00:06:03,200 --> 00:06:09,360 Speaker 1: and precious metals for just some security and more stable portfolio. 120 00:06:09,920 --> 00:06:13,040 Speaker 1: Yeah now, I know, um, I know, I know you 121 00:06:13,160 --> 00:06:15,840 Speaker 1: You've been big in the gold space, and that's that's 122 00:06:15,839 --> 00:06:17,520 Speaker 1: that's a hot area right now. It's when I've been 123 00:06:17,520 --> 00:06:19,920 Speaker 1: talking about a lot. But before we dive into that, 124 00:06:20,040 --> 00:06:21,800 Speaker 1: because I do want to talk about that. Before we 125 00:06:21,839 --> 00:06:23,960 Speaker 1: talk dive into that, though, I like something that you 126 00:06:23,960 --> 00:06:27,560 Speaker 1: said earlier, which is that you kind of just follow 127 00:06:27,600 --> 00:06:31,480 Speaker 1: the money flow and so um, you know, as like 128 00:06:31,520 --> 00:06:34,480 Speaker 1: a macro kind of guy, I like to look at 129 00:06:34,520 --> 00:06:37,839 Speaker 1: the market like top down. Um. And it sounds like 130 00:06:37,920 --> 00:06:39,960 Speaker 1: that's kind of how you're looking at it, like top down, 131 00:06:39,960 --> 00:06:42,320 Speaker 1: where is the money going to flow? And it's easy 132 00:06:42,360 --> 00:06:45,039 Speaker 1: to look back in hindsight and see that you know, 133 00:06:45,440 --> 00:06:48,520 Speaker 1: certain assets, it's it's it's tech stocks, then it's real 134 00:06:48,680 --> 00:06:51,159 Speaker 1: estate then you know or whatever, um, And so you 135 00:06:51,200 --> 00:06:53,320 Speaker 1: can see how this money flows. Um. But I guess 136 00:06:53,360 --> 00:06:55,000 Speaker 1: is that how you're approaching the market like from a 137 00:06:55,040 --> 00:06:57,560 Speaker 1: macro kind of top down and then just kind of 138 00:06:57,600 --> 00:07:00,599 Speaker 1: like chasing that or trying to get there ahead of it. Yeah, 139 00:07:02,240 --> 00:07:04,960 Speaker 1: and you know, I think that's a symptom of you 140 00:07:05,000 --> 00:07:08,760 Speaker 1: know the size of my investable assets, right, Um, I 141 00:07:09,120 --> 00:07:12,120 Speaker 1: don't you know. So I love that bar here Ridholts quote. 142 00:07:12,120 --> 00:07:16,360 Speaker 1: There's no wrong ideas, just just wrong timing um. And 143 00:07:16,360 --> 00:07:19,280 Speaker 1: and much respect to the hardcore contrarians. You can make 144 00:07:19,280 --> 00:07:20,920 Speaker 1: a bet and wait seven years for it to come 145 00:07:20,920 --> 00:07:23,360 Speaker 1: to fruition. At this age of my life, you know, 146 00:07:23,400 --> 00:07:26,640 Speaker 1: that's not what I'm trying to do. And so for example, 147 00:07:26,800 --> 00:07:28,680 Speaker 1: you know, I'm very active in the gold space today, 148 00:07:28,800 --> 00:07:32,000 Speaker 1: because of the favorable tailwind. Right. I've been watching the 149 00:07:32,080 --> 00:07:35,240 Speaker 1: gold space uh four about eight nine years, became really 150 00:07:35,280 --> 00:07:38,840 Speaker 1: active in it again about four or five years ago, uh, 151 00:07:38,880 --> 00:07:43,280 Speaker 1: and then superactive maybe three to three years ago. Um. 152 00:07:43,320 --> 00:07:45,480 Speaker 1: And that's really just looking at the smart money. When 153 00:07:45,600 --> 00:07:48,320 Speaker 1: is the smart money beginning to move right? Uh, the 154 00:07:48,440 --> 00:07:51,880 Speaker 1: smart patient money, the ultra conservative uh, that that has 155 00:07:51,920 --> 00:07:55,040 Speaker 1: the time horizon. Um. You know, I think that the 156 00:07:55,040 --> 00:07:57,240 Speaker 1: biggest bollmarket in my lifetime mark is going to be 157 00:07:57,240 --> 00:07:59,440 Speaker 1: the health science industry. And it's one that I'm stuper 158 00:07:59,440 --> 00:08:02,679 Speaker 1: passionate about right um. And I watched very very closely. 159 00:08:02,720 --> 00:08:04,720 Speaker 1: But you know, I look at the sort of macro 160 00:08:04,840 --> 00:08:07,080 Speaker 1: themes occurring right now, and it's just not the time 161 00:08:07,320 --> 00:08:10,600 Speaker 1: in my opinion, to invest in optimization. Right. I think 162 00:08:10,640 --> 00:08:13,080 Speaker 1: the next five seven years it's all about buying stability. 163 00:08:13,560 --> 00:08:15,160 Speaker 1: That's what people are gonna be looking for safe. You 164 00:08:15,160 --> 00:08:17,680 Speaker 1: have an asset classes and so you know that's that's 165 00:08:17,720 --> 00:08:21,160 Speaker 1: hard assets, things like gold. And if you want the 166 00:08:21,200 --> 00:08:23,200 Speaker 1: capital gains and the torque, then you can go down 167 00:08:23,240 --> 00:08:26,640 Speaker 1: the food chain to the explorers. Um. But there will 168 00:08:26,680 --> 00:08:28,800 Speaker 1: be a time we're all be just as aggressive in 169 00:08:28,840 --> 00:08:31,240 Speaker 1: the health science industry. I believe right, it's just not 170 00:08:31,360 --> 00:08:35,199 Speaker 1: right now. Yeah, I love that. I love that approach. 171 00:08:35,240 --> 00:08:37,360 Speaker 1: You know, I was on a life stream with my 172 00:08:37,520 --> 00:08:39,160 Speaker 1: with my one of my groups earlier and I was 173 00:08:39,160 --> 00:08:42,800 Speaker 1: saying that, Um, you know, I'm not a professional knife catcher. 174 00:08:43,160 --> 00:08:45,120 Speaker 1: I'm not trying to time the bottom of any market. 175 00:08:45,720 --> 00:08:48,600 Speaker 1: I'm a I'm a surfer. And we were talking about earlier, 176 00:08:48,600 --> 00:08:50,160 Speaker 1: like I was just on a surf trip and I'm 177 00:08:50,160 --> 00:08:52,760 Speaker 1: a surfer. So I ride the wave. I look at 178 00:08:52,760 --> 00:08:55,160 Speaker 1: the forecast, I see a swells coming, I go to 179 00:08:55,160 --> 00:08:56,440 Speaker 1: where those waves are going to be, and then I 180 00:08:56,440 --> 00:08:57,920 Speaker 1: just ride the wave. Right, And so it's kind of 181 00:08:57,920 --> 00:09:00,160 Speaker 1: the same thing that you're talking about, where, Um, you're 182 00:09:00,200 --> 00:09:02,200 Speaker 1: not trying to like you said the contrarians that can 183 00:09:02,240 --> 00:09:03,920 Speaker 1: wait seven years, but why not just wait till the 184 00:09:03,920 --> 00:09:07,800 Speaker 1: waves there jump on the wave? Yeah, exactly exactly this 185 00:09:07,840 --> 00:09:10,000 Speaker 1: point in my life, That's what I'm looking for, is uh. 186 00:09:10,080 --> 00:09:12,760 Speaker 1: You know, my average position with the company is probably 187 00:09:12,760 --> 00:09:15,719 Speaker 1: two to three years, right, Um, and I'll definitely hold 188 00:09:15,760 --> 00:09:18,320 Speaker 1: longer than that, but that's ideal for me. Yeah. Now 189 00:09:18,520 --> 00:09:22,840 Speaker 1: you talked about with Precious Metals, um the tailwind for that, 190 00:09:22,920 --> 00:09:25,360 Speaker 1: and then you went on to talk about how people 191 00:09:25,360 --> 00:09:28,199 Speaker 1: would want kind of like hard assets and things like that. 192 00:09:29,240 --> 00:09:30,760 Speaker 1: What do you what are you seeing? Why why do 193 00:09:30,800 --> 00:09:35,280 Speaker 1: you think that? Well, you know, I think that the 194 00:09:35,640 --> 00:09:39,560 Speaker 1: you know, march rocked everybody, and I think exposed so 195 00:09:39,600 --> 00:09:42,120 Speaker 1: many people to how fragile they were and how exposed 196 00:09:42,120 --> 00:09:45,479 Speaker 1: they were, and uh, you know, put a real emphasis 197 00:09:45,480 --> 00:09:50,360 Speaker 1: on the importance of basic things like cash reserves and income, right, um, 198 00:09:50,880 --> 00:09:53,840 Speaker 1: and uh even myself. You know, I got three kids, 199 00:09:53,840 --> 00:09:55,720 Speaker 1: I got a mortgage, you know, you know, run a 200 00:09:55,720 --> 00:09:59,120 Speaker 1: few small companies like you know, I'm I'm I'm quite busy. 201 00:09:59,280 --> 00:10:02,840 Speaker 1: But you know, if we were my conference, business was 202 00:10:02,880 --> 00:10:04,560 Speaker 1: put was put on pause with COVID, right, and we 203 00:10:04,559 --> 00:10:07,000 Speaker 1: didn't have to wonder about that when the pandemic Yet 204 00:10:07,480 --> 00:10:09,240 Speaker 1: it was like day one. You know, a lot of 205 00:10:09,240 --> 00:10:12,559 Speaker 1: my fellow my buddy entrepreneurs were sort of wondering one 206 00:10:12,600 --> 00:10:14,400 Speaker 1: month in two months in this is going to impact 207 00:10:14,440 --> 00:10:16,400 Speaker 1: my business, Like we knew on day one, right, the 208 00:10:16,400 --> 00:10:18,280 Speaker 1: event business is shut down for a long time, So 209 00:10:18,360 --> 00:10:21,000 Speaker 1: let's pave it hard into all of our digital businesses. 210 00:10:21,400 --> 00:10:23,600 Speaker 1: And that's worked out well. But you know, when when 211 00:10:23,600 --> 00:10:25,679 Speaker 1: that cash flow shut off, I was looking around at 212 00:10:25,760 --> 00:10:28,920 Speaker 1: my portfolio and saying, you know, I'm really having the 213 00:10:28,920 --> 00:10:32,200 Speaker 1: spec market. I love the higher risk sector, uh, the 214 00:10:32,240 --> 00:10:35,600 Speaker 1: gambler and me thrives there. Um, but where's the security 215 00:10:35,600 --> 00:10:37,839 Speaker 1: in my portfolio? And do I have enough? Right? And 216 00:10:37,840 --> 00:10:40,880 Speaker 1: and I definitely double down on a few uh positions 217 00:10:40,920 --> 00:10:43,960 Speaker 1: I had. Um that just I didn't feel we're large 218 00:10:44,080 --> 00:10:48,400 Speaker 1: enough to really carry my family through a worst case scenario. Right. 219 00:10:48,440 --> 00:10:51,120 Speaker 1: And I think that that's a relatable circumstance right now. 220 00:10:51,120 --> 00:10:53,400 Speaker 1: I think a lot of people can relate to that. 221 00:10:53,440 --> 00:10:58,200 Speaker 1: They've had their income shut off or compromised. Um. And 222 00:10:58,280 --> 00:11:00,679 Speaker 1: you know, you look at the capital was like you know, 223 00:11:00,720 --> 00:11:02,439 Speaker 1: that's what I look at. And you look at the 224 00:11:02,520 --> 00:11:04,880 Speaker 1: central banks buying up gold right now. You look at 225 00:11:05,160 --> 00:11:07,920 Speaker 1: the ultra conservative pension funds buying up gold right now. 226 00:11:08,240 --> 00:11:13,280 Speaker 1: They're looking for security, they're looking for a buffer against inflation. Um. 227 00:11:13,640 --> 00:11:16,320 Speaker 1: And and that's really gonna find it right historically, Uh, 228 00:11:16,360 --> 00:11:19,520 Speaker 1: you know they find it in gold, right And so um, 229 00:11:19,559 --> 00:11:22,840 Speaker 1: that's what that's what I'm talking about. Yeah, I know 230 00:11:22,920 --> 00:11:24,959 Speaker 1: exactly what you're talking about. Like when that pandemic hit, 231 00:11:25,040 --> 00:11:28,839 Speaker 1: I can't imagine there was a single person. Well I'm 232 00:11:28,840 --> 00:11:31,080 Speaker 1: sure there was probably some people, but the people that 233 00:11:31,120 --> 00:11:33,400 Speaker 1: I knew probably all wish they had a little bit 234 00:11:33,440 --> 00:11:37,200 Speaker 1: more savings. You know. I was like, I mean, you know, 235 00:11:37,320 --> 00:11:39,520 Speaker 1: I I I can, I can go quite a while 236 00:11:39,520 --> 00:11:41,839 Speaker 1: without making any income. But even me, I was like, 237 00:11:42,520 --> 00:11:45,000 Speaker 1: I need more savings, and and and and even and 238 00:11:45,000 --> 00:11:49,520 Speaker 1: even with the future being uncertain. Um, you know, the 239 00:11:49,600 --> 00:11:51,440 Speaker 1: reality is in the future it might be harder to 240 00:11:51,480 --> 00:11:54,040 Speaker 1: make money. We don't know. So it's like, uh, every 241 00:11:54,320 --> 00:11:58,360 Speaker 1: everyone's definitely scrambling for more security right now. Yeah, well 242 00:11:58,360 --> 00:12:00,480 Speaker 1: there's never you know that I think we've and taught 243 00:12:00,520 --> 00:12:04,840 Speaker 1: to have not enough respect for cash, right, It's it's 244 00:12:04,840 --> 00:12:07,040 Speaker 1: put the money to work, right, what's your money doing 245 00:12:07,080 --> 00:12:09,800 Speaker 1: for you? Right? Uh? You know, interest rates have just 246 00:12:10,320 --> 00:12:12,960 Speaker 1: remains so appealing. You look at the bubbles and car 247 00:12:13,040 --> 00:12:15,960 Speaker 1: loans and student loans, like it's it's the way we've 248 00:12:15,960 --> 00:12:19,720 Speaker 1: been trained to a degree, right, Like cash has no value, right, 249 00:12:19,720 --> 00:12:23,320 Speaker 1: put it to work, right, leverage whatever. Uh, And I 250 00:12:23,320 --> 00:12:25,480 Speaker 1: think we woke a lot of people were woken up 251 00:12:25,520 --> 00:12:29,400 Speaker 1: to the fact that that can be hugely costly. Yeah. Well, 252 00:12:29,440 --> 00:12:32,319 Speaker 1: you know, they've created a system, the central banks, the 253 00:12:32,360 --> 00:12:35,200 Speaker 1: front reserved, They've created a system where the money just 254 00:12:35,280 --> 00:12:38,280 Speaker 1: loses value every day, so like forces people to go save. 255 00:12:38,400 --> 00:12:41,160 Speaker 1: And by design, I mean the FED targets a two 256 00:12:41,160 --> 00:12:44,320 Speaker 1: percent inflation rate, which means you're losing to percent value 257 00:12:44,320 --> 00:12:47,840 Speaker 1: every year. Um. And so by design they're forcing us 258 00:12:47,880 --> 00:12:50,600 Speaker 1: to go spend. And you chase that down a couple 259 00:12:50,640 --> 00:12:53,120 Speaker 1: of generations, and of course it's no surprise that here 260 00:12:53,160 --> 00:13:00,120 Speaker 1: we are today. Right. So I'm curious, um, being the 261 00:13:00,520 --> 00:13:03,160 Speaker 1: in small caps, which I guess would be considered more 262 00:13:03,240 --> 00:13:06,679 Speaker 1: risky for sure. Um. Right. You kind of mentioned with 263 00:13:06,720 --> 00:13:08,920 Speaker 1: the miners. As you move down the food chain, right, 264 00:13:08,920 --> 00:13:11,319 Speaker 1: you're kind of trading risk and reward. So being in 265 00:13:11,360 --> 00:13:14,240 Speaker 1: the small cap space, you're younger, you probably make a 266 00:13:14,280 --> 00:13:16,960 Speaker 1: good income, you're probably generally okay being a little bit 267 00:13:17,000 --> 00:13:19,840 Speaker 1: more risky. Um. But then you see something like the 268 00:13:19,840 --> 00:13:23,800 Speaker 1: pandemic happen where all of a sudden you're questioning that. Um. 269 00:13:23,840 --> 00:13:26,160 Speaker 1: So I'm curious how you kind of like look at 270 00:13:26,160 --> 00:13:30,040 Speaker 1: your own portfolio, um, and how you balance that out. 271 00:13:30,080 --> 00:13:32,080 Speaker 1: I mean, were you getting rid of a lot of 272 00:13:32,160 --> 00:13:35,439 Speaker 1: those like short term positions and moving to cash, or 273 00:13:35,559 --> 00:13:38,679 Speaker 1: were you're moving that to gold instead, or like, how 274 00:13:38,679 --> 00:13:43,280 Speaker 1: how did you approach that for your for yourself. Sure. Yeah, so, um, 275 00:13:43,480 --> 00:13:45,880 Speaker 1: I guess I think about it in sort of three 276 00:13:45,920 --> 00:13:50,160 Speaker 1: buckets in my portfolio. It's pretty simple. It's the the 277 00:13:50,200 --> 00:13:53,520 Speaker 1: one bucket called the insurance insurance assets, things like my 278 00:13:53,559 --> 00:13:58,200 Speaker 1: principal residents, uh physical gold right not not not paper 279 00:13:58,200 --> 00:14:00,560 Speaker 1: gold or funds, but actual is the goal that I 280 00:14:00,600 --> 00:14:04,000 Speaker 1: own and have. Um and you know, I still get 281 00:14:04,000 --> 00:14:05,440 Speaker 1: a lot of people have called me out on that. 282 00:14:05,480 --> 00:14:08,760 Speaker 1: It's funny, Um, like I'm some kind of tin hat 283 00:14:08,920 --> 00:14:11,520 Speaker 1: arm to get in prepping, you know, with the safe 284 00:14:11,520 --> 00:14:14,800 Speaker 1: in my basement. But you know, it is what it is. 285 00:14:14,840 --> 00:14:17,320 Speaker 1: It's you know, you don't have to look far back 286 00:14:17,320 --> 00:14:21,760 Speaker 1: in history to see the value that just in case scenario, right, Um, 287 00:14:21,800 --> 00:14:23,600 Speaker 1: so yeah, that's what I think about it. Actually, you know, 288 00:14:24,200 --> 00:14:26,560 Speaker 1: this is this will be something you'll probably have some 289 00:14:26,560 --> 00:14:29,320 Speaker 1: comments and actually put a bitcoin in that bucket for 290 00:14:29,360 --> 00:14:32,880 Speaker 1: myself and and only because um, you know, I'm not 291 00:14:32,880 --> 00:14:35,880 Speaker 1: an aggressive bitcoin investor. You know, I allocate a bit 292 00:14:35,920 --> 00:14:37,880 Speaker 1: of cash through every two weeks. But I guess the 293 00:14:37,920 --> 00:14:40,360 Speaker 1: way I think about bitcoin is, you know, I never 294 00:14:40,560 --> 00:14:43,960 Speaker 1: intended on becoming a trader. I don't really intend on 295 00:14:44,640 --> 00:14:47,880 Speaker 1: sort of catching out unless there was some unique circumstance. 296 00:14:48,160 --> 00:14:49,680 Speaker 1: It's something that I just I want to have a 297 00:14:49,680 --> 00:14:52,120 Speaker 1: horse in that race, you know, just in case scenario, 298 00:14:52,240 --> 00:14:56,880 Speaker 1: if there was a situation where FIA currencies were massively compromised, 299 00:14:57,280 --> 00:14:59,000 Speaker 1: I think those asset classes are going to do really, 300 00:14:59,000 --> 00:15:02,840 Speaker 1: really well. And so yeah, it's real estate, it's gold. Uh, 301 00:15:03,200 --> 00:15:05,000 Speaker 1: even though bitcoin you've got a hard asset. I put 302 00:15:05,000 --> 00:15:07,240 Speaker 1: it in there. I'll get people to argue me on that, 303 00:15:07,320 --> 00:15:09,560 Speaker 1: but that's where where I where I place it. UM. 304 00:15:09,640 --> 00:15:11,400 Speaker 1: And then it's you know, yield paying stocks. Read. I 305 00:15:11,480 --> 00:15:14,440 Speaker 1: have a position UM in a variety of dividend paining 306 00:15:14,600 --> 00:15:19,000 Speaker 1: gold miners right now. UM. And that's where I feel good, uh, 307 00:15:19,160 --> 00:15:23,000 Speaker 1: in terms of market exposure with those bigger companies UM. 308 00:15:23,120 --> 00:15:25,800 Speaker 1: And then about maybe thirty percent of my invested glasset, 309 00:15:25,880 --> 00:15:29,600 Speaker 1: which I acknowledge is large, but it's my style is 310 00:15:29,640 --> 00:15:31,920 Speaker 1: in the spec market, in the early stage, high risk 311 00:15:32,000 --> 00:15:36,280 Speaker 1: stuff UM and and right now it's it's Uh. It's 312 00:15:36,280 --> 00:15:39,720 Speaker 1: a majority precious metals for sure, a lot of precious 313 00:15:39,720 --> 00:15:44,440 Speaker 1: metals explorers or early stage developers, but not exclusively. We're 314 00:15:44,440 --> 00:15:47,600 Speaker 1: still quite active in the telemedicine space. One of my 315 00:15:47,680 --> 00:15:50,760 Speaker 1: biggest holdings is in the nutrition space. UM it's a 316 00:15:50,800 --> 00:15:52,960 Speaker 1: company I helped co found a couple of years back 317 00:15:53,000 --> 00:15:56,480 Speaker 1: and as a seed investor. UM it's actually the infant 318 00:15:56,560 --> 00:16:01,240 Speaker 1: nutrition industry. UM, and it's doing really really well. But yeah, 319 00:16:01,400 --> 00:16:04,480 Speaker 1: that's that's kind of the overall breakdown. Yeah, I think 320 00:16:04,480 --> 00:16:06,160 Speaker 1: that's great. And what I what I think that a 321 00:16:06,200 --> 00:16:08,720 Speaker 1: lot of people can get from this is that one 322 00:16:09,080 --> 00:16:11,360 Speaker 1: you said, Uh, it maybe a little bit too much, 323 00:16:11,400 --> 00:16:14,480 Speaker 1: but it's my style and so UM, I think that's 324 00:16:14,480 --> 00:16:17,400 Speaker 1: really important for people to understand, is that what I 325 00:16:17,600 --> 00:16:19,640 Speaker 1: what I say is like, we have our own investor 326 00:16:19,760 --> 00:16:22,400 Speaker 1: d n A and we need to understand what that is. 327 00:16:22,720 --> 00:16:26,120 Speaker 1: Because what I want, what I need, what my goals are, 328 00:16:26,200 --> 00:16:29,360 Speaker 1: what I know is different than you, and so I 329 00:16:29,400 --> 00:16:31,560 Speaker 1: need to know what is right for me. Just like 330 00:16:31,600 --> 00:16:33,400 Speaker 1: what you said, It maybe a little bit much for 331 00:16:33,480 --> 00:16:35,960 Speaker 1: the people, but it but it's your style. And so 332 00:16:36,400 --> 00:16:38,000 Speaker 1: I think I think that was that was a great 333 00:16:38,040 --> 00:16:41,680 Speaker 1: point that you put out there, and I think everybody needs. Yeah, 334 00:16:41,720 --> 00:16:44,000 Speaker 1: it'll change with time, I'm sure. Right at this point 335 00:16:44,000 --> 00:16:46,560 Speaker 1: in my life, I'm I'm not quite swinging for the fences, 336 00:16:46,600 --> 00:16:48,160 Speaker 1: but I like that, you know, And that's what I 337 00:16:48,240 --> 00:16:50,800 Speaker 1: used to do prior to having kids and having a 338 00:16:50,800 --> 00:16:53,840 Speaker 1: few more responsibilities. I've always been a gambler, right, and 339 00:16:53,880 --> 00:16:56,840 Speaker 1: I'm definitely uh, you know, I trend towards a higher 340 00:16:56,920 --> 00:16:59,440 Speaker 1: risk tolerance for sure, So I need to be careful, 341 00:16:59,560 --> 00:17:01,840 Speaker 1: right and share. I put some structures in place that 342 00:17:02,360 --> 00:17:04,359 Speaker 1: limit my exposure a little bit because I'd be all in. 343 00:17:04,520 --> 00:17:06,320 Speaker 1: I'm a horrible poker player. Man, I'm all in on 344 00:17:06,320 --> 00:17:10,760 Speaker 1: the parents suos. But but that's the point, and that's 345 00:17:10,760 --> 00:17:13,320 Speaker 1: why it's so important for people to understand this, because 346 00:17:13,680 --> 00:17:16,680 Speaker 1: there's no like me giving you the right answer, because 347 00:17:16,720 --> 00:17:20,320 Speaker 1: that answer changes, right, So like you're for you, like 348 00:17:20,440 --> 00:17:22,359 Speaker 1: you might have been more risky before kids. Now you 349 00:17:22,400 --> 00:17:23,879 Speaker 1: have a couple of young kids, you're and you know, 350 00:17:23,920 --> 00:17:26,640 Speaker 1: a little bit less risky. Uh. And then then pandemic hits, 351 00:17:26,680 --> 00:17:29,080 Speaker 1: and then there's even less risk and so and and 352 00:17:29,200 --> 00:17:31,200 Speaker 1: your goals and things change, and so it's important that 353 00:17:31,240 --> 00:17:33,600 Speaker 1: people understand that. The other thing that you were saying 354 00:17:33,680 --> 00:17:35,879 Speaker 1: that I want to bring a point to for everybody listening, 355 00:17:36,359 --> 00:17:39,320 Speaker 1: is that what you also said, and one is investing 356 00:17:39,359 --> 00:17:41,800 Speaker 1: along your style. The other thing is that you're investing 357 00:17:41,880 --> 00:17:44,280 Speaker 1: along It sounds like and tell me if I'm wrong, 358 00:17:44,359 --> 00:17:46,840 Speaker 1: But you're investing into stuff that you know that you 359 00:17:46,920 --> 00:17:50,440 Speaker 1: have some domain expertise in UM. So you're running events, 360 00:17:50,480 --> 00:17:53,360 Speaker 1: you're meeting people, you have expertise there, you have maybe 361 00:17:53,440 --> 00:17:56,040 Speaker 1: inside connection, not insider, but you know what I mean, 362 00:17:56,680 --> 00:17:58,760 Speaker 1: And so you're investing along with your knowledge. Would you 363 00:17:58,800 --> 00:18:02,480 Speaker 1: say that's correct? And it's still key right to play 364 00:18:02,520 --> 00:18:06,360 Speaker 1: to your strengths. And yeah, I'm agnostic in the industries 365 00:18:06,400 --> 00:18:08,880 Speaker 1: I touched, but not in my approach. It's all about 366 00:18:08,920 --> 00:18:13,520 Speaker 1: the people people every company. I'm a shareholder of UM. 367 00:18:13,640 --> 00:18:15,840 Speaker 1: I have a high, high, high level of confidence in 368 00:18:15,880 --> 00:18:18,840 Speaker 1: the entrepreneur um you know, and and you know my 369 00:18:18,920 --> 00:18:21,680 Speaker 1: criteria is real simple. It's essentially when I began looking 370 00:18:21,720 --> 00:18:23,760 Speaker 1: at a company, first of all, I need to be 371 00:18:23,800 --> 00:18:26,480 Speaker 1: able to identify some shareholders that I know and have 372 00:18:26,560 --> 00:18:29,320 Speaker 1: a high level of trust in, right, UM. Then that 373 00:18:29,440 --> 00:18:32,200 Speaker 1: helps me qualify yes, this is worth a deeper look. 374 00:18:32,240 --> 00:18:34,680 Speaker 1: And then secondly, let's look at the management team and 375 00:18:34,800 --> 00:18:38,560 Speaker 1: decide um whether or not they've had wins in the 376 00:18:38,680 --> 00:18:41,480 Speaker 1: past that I can stand behind. Right, I'm not opposed 377 00:18:41,520 --> 00:18:43,600 Speaker 1: to betting on the rookie at all. Uh, you know, 378 00:18:43,840 --> 00:18:45,560 Speaker 1: most of my life I've been the rockie, Right, but 379 00:18:45,760 --> 00:18:48,960 Speaker 1: like when it comes to my my dollars, Yeah, I 380 00:18:49,080 --> 00:18:51,399 Speaker 1: do have that criteria, right, and if it is, you know, 381 00:18:51,440 --> 00:18:54,920 Speaker 1: I've got a couple of positions and some first time CEOs, 382 00:18:54,920 --> 00:18:57,159 Speaker 1: but they've surrounded themselves with the right executive team and 383 00:18:57,200 --> 00:18:59,080 Speaker 1: I've got all the confidence in the world that they've 384 00:18:59,320 --> 00:19:01,879 Speaker 1: made the rights to buffer their blind spots, right, and 385 00:19:01,960 --> 00:19:04,480 Speaker 1: so I can believe in that team. But yeah, step 386 00:19:04,560 --> 00:19:06,200 Speaker 1: one is look at the shareholder base. Who are the 387 00:19:06,240 --> 00:19:08,560 Speaker 1: cornerstone investors? Do I know them? Do I trust them? 388 00:19:08,640 --> 00:19:10,680 Speaker 1: Do they have a history of making good decisions and 389 00:19:10,800 --> 00:19:13,600 Speaker 1: being right? You know? And secondly it's the management team 390 00:19:14,000 --> 00:19:16,200 Speaker 1: have already proven they can do it right, So the 391 00:19:16,280 --> 00:19:18,320 Speaker 1: question isn't can they do it? But can they do 392 00:19:18,400 --> 00:19:21,879 Speaker 1: it again? Right? Um? Always look at who the majority 393 00:19:21,920 --> 00:19:24,800 Speaker 1: shareholder is, you know, and if they're not the management, 394 00:19:24,880 --> 00:19:27,119 Speaker 1: then runaway. Right. If they don't have more skin in 395 00:19:27,160 --> 00:19:29,159 Speaker 1: the game than I could ever, then I'm not interested. Right. 396 00:19:29,880 --> 00:19:32,879 Speaker 1: They'll never never be a good steward of your capital 397 00:19:32,960 --> 00:19:38,080 Speaker 1: unless they're more worried about their own. That's just human nature, right. Um. Yeah, 398 00:19:38,119 --> 00:19:40,399 Speaker 1: that that that that that skin of the game is 399 00:19:40,400 --> 00:19:42,840 Speaker 1: so important because it's so easy for someone to walk 400 00:19:42,880 --> 00:19:46,440 Speaker 1: away from sweat equity, but they're they're very less likely 401 00:19:46,480 --> 00:19:49,440 Speaker 1: to walk away from their own capital. And that's something 402 00:19:49,480 --> 00:19:52,560 Speaker 1: that I constantly talk about. And and uh, not just 403 00:19:52,920 --> 00:19:54,320 Speaker 1: that I'm the smartest guy and I figured out how 404 00:19:54,359 --> 00:19:57,000 Speaker 1: we're we're both smart. But you know, every every other 405 00:19:57,040 --> 00:19:59,520 Speaker 1: successful person I've talked to you always says, follow the team. 406 00:19:59,560 --> 00:20:03,080 Speaker 1: Follow the team, follow the team. And even when I'm 407 00:20:03,160 --> 00:20:06,200 Speaker 1: going into stocks, especially some of the smaller stocks, I 408 00:20:06,320 --> 00:20:07,720 Speaker 1: just look at the team, and I always what I 409 00:20:07,840 --> 00:20:09,560 Speaker 1: like to say is that a good team won't go 410 00:20:09,680 --> 00:20:12,960 Speaker 1: to a bad project. And so it's just if I 411 00:20:13,040 --> 00:20:15,119 Speaker 1: start there, I can filter all the junk out first, 412 00:20:15,480 --> 00:20:17,960 Speaker 1: and then I do some private kind of like small 413 00:20:18,400 --> 00:20:21,879 Speaker 1: private stuff, and then maybe maybe, as you're saying, right, 414 00:20:21,960 --> 00:20:25,720 Speaker 1: the founder doesn't have the track record, but because it's smaller, 415 00:20:25,760 --> 00:20:27,080 Speaker 1: you can kind of get to know them a little 416 00:20:27,080 --> 00:20:29,760 Speaker 1: bit and you can see like what their passion levels are, 417 00:20:30,280 --> 00:20:34,520 Speaker 1: what their you know, tenacity levels are, things like that. Yeah, yeah, 418 00:20:34,560 --> 00:20:37,800 Speaker 1: because we all know, like there's bad days out number 419 00:20:37,840 --> 00:20:41,120 Speaker 1: good days an entrepreneurship nin one, right definitely, And uh, 420 00:20:41,720 --> 00:20:44,239 Speaker 1: you know, and so and that we're talking small cap, 421 00:20:44,359 --> 00:20:47,760 Speaker 1: early stage stuff, right, you look at the bigger companies 422 00:20:47,840 --> 00:20:51,440 Speaker 1: and bigger, bigger funds and investors, you know, people like 423 00:20:51,520 --> 00:20:54,080 Speaker 1: First Year, Right, he's famous. Some of his famous quotes 424 00:20:54,119 --> 00:20:57,840 Speaker 1: are the good good company can survive a horrible CEO. Right. 425 00:20:58,240 --> 00:21:00,520 Speaker 1: And he's not wrong with the level of companies he 426 00:21:00,560 --> 00:21:03,120 Speaker 1: plays with. Right. But if you're looking at the small 427 00:21:03,200 --> 00:21:06,760 Speaker 1: cap early stage, you you are betting on the entrepreneur, right, 428 00:21:06,960 --> 00:21:09,119 Speaker 1: and plenty is not going to work. It rarely ever 429 00:21:09,240 --> 00:21:11,639 Speaker 1: does right. Plan B rarely works, right, So do they 430 00:21:11,680 --> 00:21:15,560 Speaker 1: have the resiliency, the energy, the mental toughness. Are they 431 00:21:15,560 --> 00:21:18,240 Speaker 1: going to be losing sleep over there? Probably? I kind 432 00:21:18,240 --> 00:21:19,920 Speaker 1: of want that, right, You want someone who's willing to 433 00:21:20,000 --> 00:21:23,640 Speaker 1: bleed to make it work, right. I think that's hypercritical. Yeah, 434 00:21:24,240 --> 00:21:27,040 Speaker 1: I love that. So now I know, like, like we've 435 00:21:27,080 --> 00:21:28,600 Speaker 1: already mentioned, I mean, you do a lot of stuff 436 00:21:28,600 --> 00:21:30,639 Speaker 1: in the gold space. I talked about gold quite a 437 00:21:30,680 --> 00:21:33,840 Speaker 1: bit bitcoin as well. I'm sure my audience has heard 438 00:21:33,880 --> 00:21:36,680 Speaker 1: plenty of that. But I'm curious because you know you 439 00:21:36,840 --> 00:21:39,679 Speaker 1: are Also you said you kind of just more involved 440 00:21:39,680 --> 00:21:44,040 Speaker 1: in small cap. So you mentioned um cannabis, you mentioned blockchain, 441 00:21:44,160 --> 00:21:47,880 Speaker 1: you mentioned neutral suticals, you mentioned technology, tele medicine, things 442 00:21:47,960 --> 00:21:52,240 Speaker 1: like that, Um, are there any other ones that you're 443 00:21:52,320 --> 00:21:55,000 Speaker 1: kind of like part way in right now, like other 444 00:21:55,440 --> 00:21:57,840 Speaker 1: money flow areas or do you think gold is like 445 00:21:57,920 --> 00:21:59,520 Speaker 1: the best spot or like what else are you seeing 446 00:21:59,640 --> 00:22:02,880 Speaker 1: right now? Well? I was, I was very very keen 447 00:22:03,119 --> 00:22:07,280 Speaker 1: on uh the psychedelic space actually over the last or 448 00:22:07,440 --> 00:22:11,720 Speaker 1: three years. Um. Uh you know what's the psyched what 449 00:22:11,840 --> 00:22:14,879 Speaker 1: what's the psychedelic space? Like legal right right? No, So 450 00:22:14,960 --> 00:22:19,840 Speaker 1: we're talking about psychedelic plant medicines like psilocybin, i e. 451 00:22:20,000 --> 00:22:24,159 Speaker 1: Magic mushrooms um M, d M A UH and LSD 452 00:22:24,440 --> 00:22:28,000 Speaker 1: as a treatment for mental health disorders. And the clinical 453 00:22:28,080 --> 00:22:30,119 Speaker 1: trials that are being run right now and over the 454 00:22:30,200 --> 00:22:33,160 Speaker 1: last sort of four or five years are incredibly compelling. 455 00:22:33,200 --> 00:22:34,920 Speaker 1: And when you look at the size of an industry, 456 00:22:35,040 --> 00:22:38,600 Speaker 1: like you know, depression treatment for example, and the the 457 00:22:39,200 --> 00:22:43,960 Speaker 1: success of traditional treatments is incredibly low, right um. And 458 00:22:44,040 --> 00:22:46,560 Speaker 1: then there's companies like Compass Pathways and now I think 459 00:22:46,600 --> 00:22:50,439 Speaker 1: a two billion dollar company found founded out of the UK. UH. 460 00:22:50,480 --> 00:22:53,639 Speaker 1: They're running clinical trials in the UK, USA, Canada putting 461 00:22:53,720 --> 00:23:00,040 Speaker 1: hundreds of patients through UH psilocybin trials to treat what 462 00:23:00,160 --> 00:23:03,919 Speaker 1: they determined to be treatment resistant depression. They've they've been 463 00:23:04,000 --> 00:23:08,800 Speaker 1: unsuccessful with traditional ssr s right depression medicine. UH. And 464 00:23:08,920 --> 00:23:12,919 Speaker 1: there's there's uh yeah, there's clinical trials that are stacking 465 00:23:13,000 --> 00:23:19,200 Speaker 1: up now supporting UM counseled and guided psychedelic experience UM 466 00:23:20,000 --> 00:23:22,879 Speaker 1: that is proving able to change the way we believe, 467 00:23:23,840 --> 00:23:27,119 Speaker 1: think about ourselves, you know, our self beliefs and are 468 00:23:27,440 --> 00:23:32,080 Speaker 1: preconceived UM ideas. That's having a very positive effects on 469 00:23:32,200 --> 00:23:36,120 Speaker 1: things like depression, on addiction, end of life anxiety. UM. 470 00:23:36,840 --> 00:23:40,200 Speaker 1: And it's an industry that I was watching really really 471 00:23:40,240 --> 00:23:42,320 Speaker 1: closely for about three years because the science was so 472 00:23:42,440 --> 00:23:45,239 Speaker 1: compelling UM. And you know, whenever you have it. It's 473 00:23:45,280 --> 00:23:49,359 Speaker 1: similar to cannabis in that, you know, UM clinical studies 474 00:23:49,400 --> 00:23:51,880 Speaker 1: were blocked by prohibition for so long, and so there's 475 00:23:51,920 --> 00:23:54,080 Speaker 1: just a lot we don't know about these molecules and 476 00:23:54,119 --> 00:23:56,679 Speaker 1: their potential medicinal benefits. I mean, that was the real 477 00:23:56,760 --> 00:23:59,920 Speaker 1: thing with cannabis, right, it was it was the real 478 00:24:00,080 --> 00:24:03,679 Speaker 1: downside to prohibition is that you couldn't study the compounds, right, 479 00:24:04,000 --> 00:24:07,080 Speaker 1: You couldn't learn more about the potential impact. And now 480 00:24:07,160 --> 00:24:09,560 Speaker 1: that we've lifted up that gate, there's all sorts of 481 00:24:09,760 --> 00:24:12,320 Speaker 1: amazing science coming out about how to not just not 482 00:24:12,440 --> 00:24:15,000 Speaker 1: just cannabis, but the various cannabinoids that come out of 483 00:24:15,000 --> 00:24:18,000 Speaker 1: the plants and how they can be utilized and and um, 484 00:24:18,200 --> 00:24:20,960 Speaker 1: you know, we're seeing similar studies now and getting clinical 485 00:24:21,040 --> 00:24:24,800 Speaker 1: passes on specifically m D M A and psilocybin um. 486 00:24:25,840 --> 00:24:29,520 Speaker 1: And although the science is very compelling, I haven't seen 487 00:24:29,560 --> 00:24:32,879 Speaker 1: a business model that really convinces me yet that there's 488 00:24:33,320 --> 00:24:38,120 Speaker 1: something there. And necessarily definitely a capital markets uh play there, 489 00:24:38,240 --> 00:24:41,320 Speaker 1: But it's an emerging industry. There was a ton of 490 00:24:41,400 --> 00:24:43,639 Speaker 1: dough going that direction sort of a year and a 491 00:24:43,640 --> 00:24:46,560 Speaker 1: half two years ago, but I believe it was really 492 00:24:46,720 --> 00:24:49,240 Speaker 1: just on the heels of that maybe this is cannabis 493 00:24:49,320 --> 00:24:51,639 Speaker 1: Part two industry, and I just didn't believe that to 494 00:24:51,680 --> 00:24:55,000 Speaker 1: be the case. Um. So it's it's it's an industry 495 00:24:55,000 --> 00:24:57,600 Speaker 1: that I'm watching very closely. In the private sector, I 496 00:24:57,760 --> 00:24:59,520 Speaker 1: haven't found a company that I believed in enough to 497 00:24:59,520 --> 00:25:01,480 Speaker 1: take a susition, and but one that I am watching 498 00:25:01,600 --> 00:25:04,760 Speaker 1: very closely. Um. And then, like I said, you know, 499 00:25:04,840 --> 00:25:06,840 Speaker 1: the health science sector in general, like I love the 500 00:25:06,880 --> 00:25:11,400 Speaker 1: health sector by the nutrition nutraceuticals. Um, you know, got 501 00:25:11,560 --> 00:25:14,800 Speaker 1: a couple of big positions and some telemedicine businesses, which 502 00:25:14,840 --> 00:25:17,399 Speaker 1: I think is just fantastic that this industry is. You know, 503 00:25:17,440 --> 00:25:20,359 Speaker 1: it's one of the silver linings of unfortunate situation like 504 00:25:20,440 --> 00:25:22,960 Speaker 1: a global pandemic. We're stuck at home, and it's it's 505 00:25:23,040 --> 00:25:26,680 Speaker 1: expediting the evolution of somebody's companies. Like you know, I 506 00:25:26,680 --> 00:25:29,159 Speaker 1: would probably visit my doctor farmer often if it was 507 00:25:29,240 --> 00:25:31,720 Speaker 1: the simple a skype call instead of having to call in, 508 00:25:31,800 --> 00:25:34,560 Speaker 1: book an appointment, wait three weeks and get in there. Yeah, 509 00:25:34,600 --> 00:25:36,680 Speaker 1: and everybody has been forced now to get used to 510 00:25:36,760 --> 00:25:39,679 Speaker 1: zoom or skype or whatever it is, and so um 511 00:25:39,800 --> 00:25:41,680 Speaker 1: as you become more used to that than of course 512 00:25:41,680 --> 00:25:45,359 Speaker 1: seeing your doctor seems pretty simple. UM. I have read 513 00:25:45,560 --> 00:25:48,520 Speaker 1: a lot about um as. You're talking about the benefits 514 00:25:48,520 --> 00:25:50,960 Speaker 1: of the pilocide and m D m A treatments, and 515 00:25:51,280 --> 00:25:55,080 Speaker 1: uh yeah, it looks like overwhelmingly positive. I mean that 516 00:25:55,240 --> 00:25:58,359 Speaker 1: the amount of of of stuff they've been able to 517 00:25:58,400 --> 00:26:01,520 Speaker 1: do has been been amazing. In the United States, you know, 518 00:26:01,800 --> 00:26:03,879 Speaker 1: it started with with like one state. I think it 519 00:26:03,960 --> 00:26:07,399 Speaker 1: was Colorado legalized marijuana first, and then it just spread. 520 00:26:07,760 --> 00:26:13,000 Speaker 1: I think Oregon is now like legalizing psilocybin treatment. UM. 521 00:26:13,200 --> 00:26:15,720 Speaker 1: But I know there's a handful of other therapists that 522 00:26:15,760 --> 00:26:20,080 Speaker 1: are doing both well. Actually, the psilocybin, the LSD which 523 00:26:20,119 --> 00:26:22,159 Speaker 1: they call something else I forget, and then and then 524 00:26:22,240 --> 00:26:25,240 Speaker 1: the m B m A. So I think I've been 525 00:26:25,280 --> 00:26:27,480 Speaker 1: watching it as well. And I think, like like anything, 526 00:26:27,520 --> 00:26:30,879 Speaker 1: if you get in early, if as you said earlier, 527 00:26:30,920 --> 00:26:32,320 Speaker 1: like if you had the if you had the hands 528 00:26:32,600 --> 00:26:35,000 Speaker 1: as a contrarian to get in and wait for seven years, 529 00:26:35,280 --> 00:26:38,679 Speaker 1: the rewards can be big. Um. For me, again, as 530 00:26:38,720 --> 00:26:41,040 Speaker 1: a surfer and not a professional knife catcher, I kind 531 00:26:41,040 --> 00:26:42,520 Speaker 1: of like to wait for that trend to develop a 532 00:26:42,560 --> 00:26:44,560 Speaker 1: little bit. And so I think it required a little 533 00:26:44,560 --> 00:26:48,639 Speaker 1: bit of legalization, maybe some policy change, um, but I 534 00:26:48,680 --> 00:26:50,760 Speaker 1: haven't really seen. Yeah, I mean Oregon, I guess is 535 00:26:50,760 --> 00:26:53,760 Speaker 1: a little bit. So maybe it'll happen. Yeah, there's special 536 00:26:53,840 --> 00:26:57,040 Speaker 1: circumstances licenses right now for maybe four or five companies 537 00:26:57,240 --> 00:27:01,480 Speaker 1: in the US and Canada that hal approval to synthesize 538 00:27:01,600 --> 00:27:05,160 Speaker 1: the psilocybic compound and then utilize them in trials. Um. 539 00:27:05,320 --> 00:27:07,640 Speaker 1: And you know, the results look great right in terms 540 00:27:07,680 --> 00:27:10,160 Speaker 1: of like sort of one treatment you're seeing six months 541 00:27:10,240 --> 00:27:13,520 Speaker 1: post treatment, uh, limited or no effects of what was 542 00:27:13,600 --> 00:27:18,720 Speaker 1: treatment resistant depression. And and the problem that's that's probably 543 00:27:18,760 --> 00:27:22,120 Speaker 1: going to occur there is that you know, cannabis as 544 00:27:22,200 --> 00:27:28,400 Speaker 1: either a recreational or medicinal application is generally generally recurring use, right, 545 00:27:28,600 --> 00:27:31,560 Speaker 1: And that's why there's money to be made. Because his 546 00:27:31,680 --> 00:27:34,399 Speaker 1: money to be made, that industry got pushed forward. Right. 547 00:27:34,880 --> 00:27:38,240 Speaker 1: You look at the psychedelic industry, and the clinical trials 548 00:27:38,720 --> 00:27:42,520 Speaker 1: so far are so positive that it literally is one 549 00:27:42,640 --> 00:27:46,640 Speaker 1: treatment and six eight months later results are still there. 550 00:27:46,880 --> 00:27:52,360 Speaker 1: And so unfortunately, although it's you know, we're talking about potential, 551 00:27:53,200 --> 00:27:56,520 Speaker 1: uh really impactful cure for mental health, that's amazing, but 552 00:27:56,680 --> 00:28:01,200 Speaker 1: because the recurringing, that's the thing, right, and you know, 553 00:28:01,359 --> 00:28:05,400 Speaker 1: unfortunately it takes money to push these things forward so well. 554 00:28:05,480 --> 00:28:08,160 Speaker 1: And and and I mean they you know, they want 555 00:28:08,200 --> 00:28:11,320 Speaker 1: you to be taking a prescription, you know, anti depressant 556 00:28:11,400 --> 00:28:13,600 Speaker 1: for the rest of your life, like you're saying, So 557 00:28:13,720 --> 00:28:17,560 Speaker 1: there's that, but also that that prescription can be patented 558 00:28:17,680 --> 00:28:20,680 Speaker 1: or whatever, but you can't patent a plant, and so 559 00:28:21,359 --> 00:28:24,440 Speaker 1: you have you have that problem as well. Yeah, yeah, 560 00:28:24,840 --> 00:28:29,760 Speaker 1: so definitely uptil battle I uh, you know, I it's 561 00:28:29,800 --> 00:28:34,359 Speaker 1: it's a shame to see you know, regulations trampling what 562 00:28:34,520 --> 00:28:37,960 Speaker 1: could potentially be you know, life changing treatments. As you said, 563 00:28:38,000 --> 00:28:40,840 Speaker 1: I mean, some of the reports have seen been amazing. Well, yeah, 564 00:28:40,880 --> 00:28:44,400 Speaker 1: that that depression treatment business is a you know, multibillion 565 00:28:44,440 --> 00:28:47,760 Speaker 1: dollar industry, but it's really a subscription business, right, and 566 00:28:48,000 --> 00:28:50,440 Speaker 1: so that's to replace that is going to be very 567 00:28:50,520 --> 00:28:54,640 Speaker 1: very challenging. Well, the problem is with that industry is that, um, 568 00:28:54,880 --> 00:28:56,600 Speaker 1: you know, whatever they're gonna put you on xan X, 569 00:28:56,720 --> 00:28:59,120 Speaker 1: ors olaf or whatever it may be. I don't even 570 00:28:59,160 --> 00:29:00,960 Speaker 1: know the names of all of but uh, you know, 571 00:29:01,080 --> 00:29:04,920 Speaker 1: it's like, if you're depressed, you don't have a zan 572 00:29:05,120 --> 00:29:09,040 Speaker 1: X deficiency, you don't need zan x. Like what is 573 00:29:09,160 --> 00:29:12,080 Speaker 1: causing the depression. It's either something mentally, some sort of trauma, 574 00:29:12,240 --> 00:29:14,640 Speaker 1: something whatever, or it could be some kind of chemical 575 00:29:14,920 --> 00:29:17,920 Speaker 1: you know, makeup in your body. But it's not because 576 00:29:18,000 --> 00:29:21,520 Speaker 1: you lack zanex, you know. I mean, so you know, 577 00:29:21,760 --> 00:29:24,240 Speaker 1: using something like these these alternative treatments, you can go 578 00:29:24,360 --> 00:29:26,640 Speaker 1: through the mental side, or you could work on your 579 00:29:26,720 --> 00:29:28,880 Speaker 1: diet side, you know, taking stuff out of your diet, 580 00:29:28,920 --> 00:29:32,000 Speaker 1: adding stuff in. But I just I don't I don't 581 00:29:32,040 --> 00:29:33,920 Speaker 1: see how the prescription of Zanex for the rest of 582 00:29:33,960 --> 00:29:39,560 Speaker 1: your life solves that but that's the money side, right, Yeah, yeah, yeah, absolutely, 583 00:29:39,880 --> 00:29:43,280 Speaker 1: that's interesting. The telemedicine space is interesting. I haven't seen 584 00:29:43,360 --> 00:29:46,480 Speaker 1: direct plays on that. The biotech space is something that 585 00:29:46,600 --> 00:29:49,000 Speaker 1: I have been kind of watching. I think there's there's 586 00:29:49,000 --> 00:29:52,080 Speaker 1: a lot of advancement there, obviously, Uh, with the whole 587 00:29:52,160 --> 00:29:56,160 Speaker 1: COVID thing, you know, therapeutics and whatnot. Um so um, 588 00:29:56,320 --> 00:29:58,160 Speaker 1: I have been watching that. Have you Have you looked 589 00:29:58,160 --> 00:30:00,680 Speaker 1: at that at all or you know, Mark, I don't. 590 00:30:00,800 --> 00:30:04,400 Speaker 1: And it's it's funny. It's just it's never really attracted 591 00:30:04,440 --> 00:30:07,080 Speaker 1: a lot of capital in Canada where I live. And 592 00:30:07,560 --> 00:30:10,680 Speaker 1: although it's a massive industry in the United States, Um, 593 00:30:10,760 --> 00:30:13,120 Speaker 1: it's it's not. You know, out East Countreal there is 594 00:30:13,360 --> 00:30:16,080 Speaker 1: maybe a few a handful of companies, but it's never 595 00:30:16,200 --> 00:30:19,080 Speaker 1: been big enough out here for me to know enough 596 00:30:19,240 --> 00:30:23,400 Speaker 1: entrepreneurs to be make a qualified decision about investing, you 597 00:30:23,480 --> 00:30:26,040 Speaker 1: know what I mean. Yeah, I see the industry. It's exciting. 598 00:30:26,400 --> 00:30:30,200 Speaker 1: But because it doesn't exist to any large extent out here, uh, 599 00:30:30,400 --> 00:30:32,520 Speaker 1: And because I guess my approach is all about getting 600 00:30:32,560 --> 00:30:35,560 Speaker 1: to know the individuals behind the funds and the companies, 601 00:30:35,960 --> 00:30:38,320 Speaker 1: I haven't had that opportunity, and so it's never really 602 00:30:38,360 --> 00:30:40,920 Speaker 1: been an industry that I've played with. And and that's 603 00:30:40,960 --> 00:30:42,640 Speaker 1: a great answer, and it goes back to what you 604 00:30:42,720 --> 00:30:45,560 Speaker 1: said earlier, right about investing in what you know. And 605 00:30:45,720 --> 00:30:47,600 Speaker 1: so I get asked all the time, oh, what about 606 00:30:47,640 --> 00:30:49,040 Speaker 1: this or what about that? And I said, I just 607 00:30:49,160 --> 00:30:51,880 Speaker 1: I don't have the expertise there, and so I don't 608 00:30:52,000 --> 00:30:54,400 Speaker 1: go into those areas. I do recognize them, and I 609 00:30:54,440 --> 00:30:56,720 Speaker 1: think there's opportunity there, but because I don't understand it, 610 00:30:57,080 --> 00:30:58,959 Speaker 1: then I just stay away. And I think I think 611 00:30:59,040 --> 00:31:01,280 Speaker 1: most people could benefit it from that. We see, you know, 612 00:31:02,200 --> 00:31:04,320 Speaker 1: people buying all kinds of things they don't understand, and 613 00:31:04,400 --> 00:31:05,920 Speaker 1: a lot of times it doesn't work out so well. 614 00:31:06,000 --> 00:31:09,200 Speaker 1: So I think that's uh, I think that's a great thing. Um. 615 00:31:09,360 --> 00:31:12,080 Speaker 1: And then obviously you own a business, so then you're 616 00:31:12,120 --> 00:31:15,560 Speaker 1: investing in the business as well, which I always tell everybody, 617 00:31:15,680 --> 00:31:17,640 Speaker 1: like I believe that the best investment you could ever 618 00:31:17,720 --> 00:31:20,440 Speaker 1: make is in yourself right, and so invest in your 619 00:31:20,480 --> 00:31:24,080 Speaker 1: own education, invest in your own business. And um, you 620 00:31:24,200 --> 00:31:26,440 Speaker 1: mentioned earlier you're like your newsletter and your YouTube channel. 621 00:31:26,520 --> 00:31:29,640 Speaker 1: Ones like making money and one's protecting your money. Yes, 622 00:31:29,760 --> 00:31:32,120 Speaker 1: and so really there's like three levels of money making it, 623 00:31:32,440 --> 00:31:35,640 Speaker 1: growing it, and then protecting it. Yeah, and you really 624 00:31:35,720 --> 00:31:37,720 Speaker 1: need to focus on that. And so many people, you know, 625 00:31:37,800 --> 00:31:40,000 Speaker 1: I talk about investment stuff. Everyone is talking about I 626 00:31:40,040 --> 00:31:41,560 Speaker 1: want to invest, I want to invest, I want to 627 00:31:41,560 --> 00:31:44,080 Speaker 1: grow my money. And that's fine, but you need to 628 00:31:44,160 --> 00:31:46,840 Speaker 1: also focus on making money. And a lot of people, 629 00:31:47,000 --> 00:31:49,600 Speaker 1: I feel, unfortunately, neglect that part and they think they 630 00:31:49,640 --> 00:31:52,440 Speaker 1: can become a full time investor and they don't realize, like, well, 631 00:31:52,480 --> 00:31:53,720 Speaker 1: the investing is kind of what you do with your 632 00:31:53,760 --> 00:31:58,400 Speaker 1: money after you make it, right. Yeah. Yeah, managing a 633 00:31:58,480 --> 00:32:02,400 Speaker 1: portfolio full time can incredibly stressful, and you need to 634 00:32:02,480 --> 00:32:06,000 Speaker 1: have a lot of money. Yes, you know what I mean. 635 00:32:06,080 --> 00:32:07,800 Speaker 1: It's like you don't you don't start with a thousand 636 00:32:07,840 --> 00:32:09,520 Speaker 1: dollars and then become a full time investor like you 637 00:32:09,560 --> 00:32:12,000 Speaker 1: started like a few, you know, ten million dollars and 638 00:32:12,080 --> 00:32:17,080 Speaker 1: then maybe become a full time investor. Yeah yeah, great stuff. Well, um, 639 00:32:17,240 --> 00:32:19,720 Speaker 1: some great insights from me. J I really appreciate sharing 640 00:32:19,760 --> 00:32:21,880 Speaker 1: that with us. I think, uh, like I said, your 641 00:32:21,880 --> 00:32:24,920 Speaker 1: your unique insight because you're putting these events together, your 642 00:32:24,960 --> 00:32:28,080 Speaker 1: networking with all these builders and owners and investors. It 643 00:32:28,200 --> 00:32:29,640 Speaker 1: just gives you such a unique insight. And I love 644 00:32:29,680 --> 00:32:33,760 Speaker 1: to get that perspective. Invest in what you know, investor 645 00:32:33,800 --> 00:32:39,520 Speaker 1: your network, follow the team, right, So, um, where do 646 00:32:39,680 --> 00:32:42,000 Speaker 1: people find out more about you and follow you? Maybe 647 00:32:42,040 --> 00:32:45,920 Speaker 1: some of these events your newsletter you talked about, etcetera. Yeah, 648 00:32:46,000 --> 00:32:49,640 Speaker 1: so all of the content that we publishes on Cambridge 649 00:32:49,680 --> 00:32:53,120 Speaker 1: House dot com. I, uh, all my freeings letters are 650 00:32:53,200 --> 00:32:56,800 Speaker 1: up there. And then um, our YouTube channel is is 651 00:32:56,880 --> 00:32:59,360 Speaker 1: Cambridge House and you search Cambridge House YouTube. You'll fund 652 00:32:59,360 --> 00:33:02,360 Speaker 1: all of our concert and up there. Um. I should 653 00:33:02,400 --> 00:33:04,400 Speaker 1: be more active on Twitter, Mark, I'm trying to take 654 00:33:04,440 --> 00:33:06,960 Speaker 1: one from you here and get more active on the platform. 655 00:33:07,880 --> 00:33:10,640 Speaker 1: But we're at Cambridge. Anything that I'm posting up there 656 00:33:10,800 --> 00:33:14,360 Speaker 1: usually announcing any content we're putting out and uh, companies 657 00:33:14,400 --> 00:33:16,800 Speaker 1: are really excited about and all that. But so cambrage 658 00:33:17,000 --> 00:33:21,040 Speaker 1: dot com, website at Cambridge on Twitter, Cambridge Shoes on YouTube. Yeah, 659 00:33:21,160 --> 00:33:23,040 Speaker 1: so for everyone listening, I'll link to that in the 660 00:33:23,240 --> 00:33:24,760 Speaker 1: in the show notes, so make sure you go and 661 00:33:24,880 --> 00:33:27,000 Speaker 1: check that out. He's got some great content. I've been 662 00:33:27,000 --> 00:33:30,320 Speaker 1: watching some videos on his YouTube channel as well, so um, yeah, 663 00:33:30,400 --> 00:33:32,400 Speaker 1: great stuff. Jay. I appreciate you sharing with us, taking 664 00:33:32,440 --> 00:33:34,760 Speaker 1: the time. Thanks for having me on Mark, it was 665 00:33:34,760 --> 00:33:35,440 Speaker 1: great chatting with you,