WEBVTT - Insider Secrets, Best Investing Advice From Nevada's Hottest Explorers | Jay Martin 0:00:13.680 --> 0:00:17.160 Everyone, Welcome to another episode of the Market Disruptors Show. Today, 0:00:17.200 --> 0:00:20.120 I am sitting down with Jay Martin. He's the CEO 0:00:20.520 --> 0:00:24.079 of Cambridge House International UM. They do a lot of 0:00:24.079 --> 0:00:26.560 live events, a lot of media, and a lot of 0:00:26.560 --> 0:00:29.240 stuff around the gold and small cap industry, which of 0:00:29.280 --> 0:00:32.040 course I spend a lot of time talking about. What 0:00:32.080 --> 0:00:34.200 I like about Jay is he has this insight because 0:00:34.200 --> 0:00:36.480 he's kind of behind the scenes in these in these videos. 0:00:36.479 --> 0:00:38.440 There's so much good information that we can get from him, 0:00:38.560 --> 0:00:40.479 and I'm so excited to sit down with him. So, Jay, welcome, 0:00:41.400 --> 0:00:44.000 Thank for having me Mark. It's great the job with you. Yeah. 0:00:44.040 --> 0:00:47.040 You know, I I've built my career off of the 0:00:47.600 --> 0:00:49.600 statement and I say it all the time. The success 0:00:49.680 --> 0:00:52.840 leaves clues, and so I like to follow successful people 0:00:52.840 --> 0:00:55.000 and see what I can learn from him. And uh, 0:00:55.120 --> 0:00:57.400 I know you're kind of in the same space like you. 0:00:57.400 --> 0:00:59.760 You you put these events together, you bring all these 0:01:00.000 --> 0:01:01.920 well together, and I'm sure you're learning so much. So 0:01:02.240 --> 0:01:03.520 I want to see what I can learn from you 0:01:03.600 --> 0:01:06.040 and what the audience can as well. But for those 0:01:06.080 --> 0:01:07.959 that haven't been following, you haven't made before, just give 0:01:08.000 --> 0:01:09.399 us a little bit of background. What is it that 0:01:09.440 --> 0:01:12.880 you've been working on and what are you doing? Yeah, 0:01:12.959 --> 0:01:16.520 so predominantly Mark, I'm a small cap investor, right I. 0:01:16.720 --> 0:01:19.720 Um I I look at sort of venture listed or 0:01:19.760 --> 0:01:23.880 CSC listed companies. UM I offer a newsletter where I 0:01:23.959 --> 0:01:28.240 talk about that and essentially talking about the trends I 0:01:28.240 --> 0:01:31.440 see the companies I'm investing in. Pretty Much everything I 0:01:31.480 --> 0:01:34.560 do is is you know, following the money, right. The 0:01:34.640 --> 0:01:37.840 money flow is is my first indicator and almost my 0:01:37.920 --> 0:01:42.800 last rate. It's my business has really built around building 0:01:42.840 --> 0:01:45.920 and maintaining a network of money managers and portfolio managers 0:01:45.920 --> 0:01:49.200 in the space. UM I hold those relationships very very 0:01:49.240 --> 0:01:53.880 tight with the intention of knowing first where dollars are moving, right, 0:01:53.920 --> 0:01:56.600 And so if I'm looking at an industry, you know, 0:01:56.640 --> 0:01:59.120 the first thing I I'm looking for is when is 0:01:59.120 --> 0:02:01.840 the smart money starting to move in? And so yeah, 0:02:01.840 --> 0:02:03.760 based on that, you know, I'm an investor first, and 0:02:04.120 --> 0:02:06.920 I'm pretty active in the spec market. The early stage 0:02:06.960 --> 0:02:09.160 hirisk stuff is where I like to spend my time. 0:02:10.040 --> 0:02:12.400 Probably too weighted in that industry, to be honest with you. 0:02:12.840 --> 0:02:15.679 My newsletter talks about that. I host a show on 0:02:15.760 --> 0:02:18.680 my YouTube channel which is is a bit of a 0:02:18.720 --> 0:02:21.520 step back from the actual market itself. Maybe it's more 0:02:21.680 --> 0:02:24.560 macro themes. So the way I explained it is, my 0:02:24.680 --> 0:02:28.720 newsletter is focused on making money and YouTube show is 0:02:28.760 --> 0:02:31.120 focused on protecting it. Right, So we talked more about 0:02:31.120 --> 0:02:35.320 safe haven asset classes and more conservative stuff. Um. Yeah. 0:02:35.360 --> 0:02:37.280 And then in in pre COVID times, you know, we 0:02:37.360 --> 0:02:41.480 host a series of investment conferences, um, all over North America. 0:02:41.680 --> 0:02:45.160 You know, our biggest shows are in Vancouver, Canada, Las Vegas, Nevada, 0:02:45.240 --> 0:02:50.520 San Francisco, Toronto, Ontario, but we've been all over you know, Boston, 0:02:50.600 --> 0:02:54.840 Palm Springs, Montreal. It really depends, you know that the 0:02:54.919 --> 0:02:57.440 live event industry when it comes to the capital markets, 0:02:58.040 --> 0:03:00.560 it really you really have to watch the market right 0:03:00.600 --> 0:03:02.840 because you know, if it's a hot gold market, you'll 0:03:02.880 --> 0:03:06.480 do well in Vancouver, you'll do well in San Francisco. Still, 0:03:06.520 --> 0:03:09.720 you know, a pretty historical population of gold investors in 0:03:09.760 --> 0:03:13.200 the Bay Area. UM. If it's if it's more agnostic, 0:03:13.280 --> 0:03:16.120 we do well in Vegas, we do well in Toronto. Um. 0:03:16.400 --> 0:03:18.360 And so it's you know, up to us to really 0:03:18.400 --> 0:03:21.280 know what markets are hitting, where the populations that investing 0:03:21.600 --> 0:03:26.239 that invest in those sectors live and and uh yeah, 0:03:26.240 --> 0:03:28.040 and they're generally open to the public. Their range in 0:03:28.120 --> 0:03:30.360 size from I guess at the small end, maybe a 0:03:30.400 --> 0:03:33.600 thousand investors would attend and will have sort of fifty 0:03:33.680 --> 0:03:36.240 to sixty small cap companies, and then at the larger end, 0:03:36.440 --> 0:03:38.960 you know, ten eleven thousand investors and five or six 0:03:39.400 --> 0:03:43.000 small cap companies. UM. And then we have a private 0:03:43.040 --> 0:03:46.080 investor club called the Panjia Club, which is really like 0:03:46.160 --> 0:03:48.800 handpicked investors that I meet along the way. There's no 0:03:49.040 --> 0:03:52.800 quantitative criteria. Uh, it's it's just people that I meet 0:03:52.800 --> 0:03:56.440 through the trade show, business, through the newsletter UM subscribers 0:03:56.440 --> 0:03:59.640 and whatnot that I identify as being superactive in the 0:03:59.680 --> 0:04:02.360 venture market UM, and that I enjoy spending time with. 0:04:02.480 --> 0:04:05.160 It's like the unofficial no douche head clause, right. And 0:04:05.240 --> 0:04:07.320 we we we have this club where we look at 0:04:07.360 --> 0:04:10.200 deals together. I often fly club members out to locations 0:04:10.200 --> 0:04:13.080 and we'll we'll have handpicked you know, six eight deals. 0:04:13.080 --> 0:04:15.640 So it sort of view diligence on together co invest 0:04:16.440 --> 0:04:18.039 It's a lot of fun. It's kind of all about 0:04:18.080 --> 0:04:21.280 camaraderie and and uh, you know, co diligence and get 0:04:21.320 --> 0:04:24.200 to rub shoulders and just talk shop and and just 0:04:24.279 --> 0:04:26.560 kind of borne out of the conference business and and 0:04:26.600 --> 0:04:29.360 the Panjia Club now is probably my my favorite part 0:04:29.360 --> 0:04:31.880 of the business, to be honest. Yeah, that's awesome that 0:04:31.920 --> 0:04:34.120 you're able to build that network. I love the saying 0:04:34.160 --> 0:04:37.320 that your network is your net worth and so UM. 0:04:37.400 --> 0:04:38.520 I look back on a lot of things that I've 0:04:38.520 --> 0:04:41.039 been successful on and it was like, you know, where 0:04:41.080 --> 0:04:42.400 do I get that idea or whatever? And it was 0:04:42.400 --> 0:04:44.680 from somebody that I knew, right, So it's like being 0:04:44.720 --> 0:04:47.000 able to rub shoulders with everybody makes such a big difference. 0:04:47.520 --> 0:04:49.719 I just want to quantify if everybody listening though. You 0:04:49.800 --> 0:04:53.160 say small cap, so you're you run these events, you're 0:04:53.160 --> 0:04:56.480 invest in small cap? What what do you consider small cap? Yeah, 0:04:56.600 --> 0:04:59.720 that's a good question, and I guess when it comes 0:04:59.720 --> 0:05:02.039 to my conferences, you know, the sweet spot would be 0:05:02.200 --> 0:05:07.120 companies that are either looking to list have a listing 0:05:07.240 --> 0:05:10.599 on the Venture Exchange or the OTC in the US, 0:05:10.760 --> 0:05:13.279 or the Canadian Securities Exchange up here or the Toronto 0:05:13.320 --> 0:05:16.200 Venture UM and typically to look in to raise between 0:05:16.240 --> 0:05:18.760 sort of five to thirty million. That's our sweet spot 0:05:18.800 --> 0:05:21.440 for the companies that will work with UM and help 0:05:21.480 --> 0:05:23.960 them acquirity shareholder base. When it comes to investing myself 0:05:24.120 --> 0:05:27.720 in the spec sector, um, you know, really markets, it's 0:05:27.760 --> 0:05:30.040 all over like on the small end. You know, we'll 0:05:30.080 --> 0:05:32.760 look at companies that are maybe like sub hunter mill 0:05:32.880 --> 0:05:35.000 market cap for sure, you know, even thirty to fifty 0:05:35.000 --> 0:05:38.360 million market cap um. Uh, even pretty public for sure 0:05:38.400 --> 0:05:42.679 as well. So, um, I like the early stage stuff, 0:05:43.200 --> 0:05:47.159 um because I'm I'm you know, I'm all about the people, 0:05:47.360 --> 0:05:49.599 and it's it's far more important to me that that 0:05:49.680 --> 0:05:52.240 I'm betting on the right entrepreneur and so the earlier 0:05:52.279 --> 0:05:54.400 I can get in the better right as far as 0:05:54.520 --> 0:05:58.280 needing that. So um, yeah, but you know I played 0:05:58.320 --> 0:06:01.080 pretty heavy in the precious metals industry and and uh 0:06:01.120 --> 0:06:03.159 you know take positions and companies as big as wheat 0:06:03.200 --> 0:06:09.360 and precious metals for just some security and more stable portfolio. 0:06:09.920 --> 0:06:13.040 Yeah now, I know, um, I know, I know you 0:06:13.160 --> 0:06:15.840 You've been big in the gold space, and that's that's 0:06:15.839 --> 0:06:17.520 that's a hot area right now. It's when I've been 0:06:17.520 --> 0:06:19.920 talking about a lot. But before we dive into that, 0:06:20.040 --> 0:06:21.800 because I do want to talk about that. Before we 0:06:21.839 --> 0:06:23.960 talk dive into that, though, I like something that you 0:06:23.960 --> 0:06:27.560 said earlier, which is that you kind of just follow 0:06:27.600 --> 0:06:31.480 the money flow and so um, you know, as like 0:06:31.520 --> 0:06:34.480 a macro kind of guy, I like to look at 0:06:34.520 --> 0:06:37.839 the market like top down. Um. And it sounds like 0:06:37.920 --> 0:06:39.960 that's kind of how you're looking at it, like top down, 0:06:39.960 --> 0:06:42.320 where is the money going to flow? And it's easy 0:06:42.360 --> 0:06:45.039 to look back in hindsight and see that you know, 0:06:45.440 --> 0:06:48.520 certain assets, it's it's it's tech stocks, then it's real 0:06:48.680 --> 0:06:51.159 estate then you know or whatever, um, And so you 0:06:51.200 --> 0:06:53.320 can see how this money flows. Um. But I guess 0:06:53.360 --> 0:06:55.000 is that how you're approaching the market like from a 0:06:55.040 --> 0:06:57.560 macro kind of top down and then just kind of 0:06:57.600 --> 0:07:00.599 like chasing that or trying to get there ahead of it. Yeah, 0:07:02.240 --> 0:07:04.960 and you know, I think that's a symptom of you 0:07:05.000 --> 0:07:08.760 know the size of my investable assets, right, Um, I 0:07:09.120 --> 0:07:12.120 don't you know. So I love that bar here Ridholts quote. 0:07:12.120 --> 0:07:16.360 There's no wrong ideas, just just wrong timing um. And 0:07:16.360 --> 0:07:19.280 and much respect to the hardcore contrarians. You can make 0:07:19.280 --> 0:07:20.920 a bet and wait seven years for it to come 0:07:20.920 --> 0:07:23.360 to fruition. At this age of my life, you know, 0:07:23.400 --> 0:07:26.640 that's not what I'm trying to do. And so for example, 0:07:26.800 --> 0:07:28.680 you know, I'm very active in the gold space today, 0:07:28.800 --> 0:07:32.000 because of the favorable tailwind. Right. I've been watching the 0:07:32.080 --> 0:07:35.240 gold space uh four about eight nine years, became really 0:07:35.280 --> 0:07:38.840 active in it again about four or five years ago, uh, 0:07:38.880 --> 0:07:43.280 and then superactive maybe three to three years ago. Um. 0:07:43.320 --> 0:07:45.480 And that's really just looking at the smart money. When 0:07:45.600 --> 0:07:48.320 is the smart money beginning to move right? Uh, the 0:07:48.440 --> 0:07:51.880 smart patient money, the ultra conservative uh, that that has 0:07:51.920 --> 0:07:55.040 the time horizon. Um. You know, I think that the 0:07:55.040 --> 0:07:57.240 biggest bollmarket in my lifetime mark is going to be 0:07:57.240 --> 0:07:59.440 the health science industry. And it's one that I'm stuper 0:07:59.440 --> 0:08:02.679 passionate about right um. And I watched very very closely. 0:08:02.720 --> 0:08:04.720 But you know, I look at the sort of macro 0:08:04.840 --> 0:08:07.080 themes occurring right now, and it's just not the time 0:08:07.320 --> 0:08:10.600 in my opinion, to invest in optimization. Right. I think 0:08:10.640 --> 0:08:13.080 the next five seven years it's all about buying stability. 0:08:13.560 --> 0:08:15.160 That's what people are gonna be looking for safe. You 0:08:15.160 --> 0:08:17.680 have an asset classes and so you know that's that's 0:08:17.720 --> 0:08:21.160 hard assets, things like gold. And if you want the 0:08:21.200 --> 0:08:23.200 capital gains and the torque, then you can go down 0:08:23.240 --> 0:08:26.640 the food chain to the explorers. Um. But there will 0:08:26.680 --> 0:08:28.800 be a time we're all be just as aggressive in 0:08:28.840 --> 0:08:31.240 the health science industry. I believe right, it's just not 0:08:31.360 --> 0:08:35.199 right now. Yeah, I love that. I love that approach. 0:08:35.240 --> 0:08:37.360 You know, I was on a life stream with my 0:08:37.520 --> 0:08:39.160 with my one of my groups earlier and I was 0:08:39.160 --> 0:08:42.800 saying that, Um, you know, I'm not a professional knife catcher. 0:08:43.160 --> 0:08:45.120 I'm not trying to time the bottom of any market. 0:08:45.720 --> 0:08:48.600 I'm a I'm a surfer. And we were talking about earlier, 0:08:48.600 --> 0:08:50.160 like I was just on a surf trip and I'm 0:08:50.160 --> 0:08:52.760 a surfer. So I ride the wave. I look at 0:08:52.760 --> 0:08:55.160 the forecast, I see a swells coming, I go to 0:08:55.160 --> 0:08:56.440 where those waves are going to be, and then I 0:08:56.440 --> 0:08:57.920 just ride the wave. Right, And so it's kind of 0:08:57.920 --> 0:09:00.160 the same thing that you're talking about, where, Um, you're 0:09:00.200 --> 0:09:02.200 not trying to like you said the contrarians that can 0:09:02.240 --> 0:09:03.920 wait seven years, but why not just wait till the 0:09:03.920 --> 0:09:07.800 waves there jump on the wave? Yeah, exactly exactly this 0:09:07.840 --> 0:09:10.000 point in my life, That's what I'm looking for, is uh. 0:09:10.080 --> 0:09:12.760 You know, my average position with the company is probably 0:09:12.760 --> 0:09:15.719 two to three years, right, Um, and I'll definitely hold 0:09:15.760 --> 0:09:18.320 longer than that, but that's ideal for me. Yeah. Now 0:09:18.520 --> 0:09:22.840 you talked about with Precious Metals, um the tailwind for that, 0:09:22.920 --> 0:09:25.360 and then you went on to talk about how people 0:09:25.360 --> 0:09:28.199 would want kind of like hard assets and things like that. 0:09:29.240 --> 0:09:30.760 What do you what are you seeing? Why why do 0:09:30.800 --> 0:09:35.280 you think that? Well, you know, I think that the 0:09:35.640 --> 0:09:39.560 you know, march rocked everybody, and I think exposed so 0:09:39.600 --> 0:09:42.120 many people to how fragile they were and how exposed 0:09:42.120 --> 0:09:45.479 they were, and uh, you know, put a real emphasis 0:09:45.480 --> 0:09:50.360 on the importance of basic things like cash reserves and income, right, um, 0:09:50.880 --> 0:09:53.840 and uh even myself. You know, I got three kids, 0:09:53.840 --> 0:09:55.720 I got a mortgage, you know, you know, run a 0:09:55.720 --> 0:09:59.120 few small companies like you know, I'm I'm I'm quite busy. 0:09:59.280 --> 0:10:02.840 But you know, if we were my conference, business was 0:10:02.880 --> 0:10:04.560 put was put on pause with COVID, right, and we 0:10:04.559 --> 0:10:07.000 didn't have to wonder about that when the pandemic Yet 0:10:07.480 --> 0:10:09.240 it was like day one. You know, a lot of 0:10:09.240 --> 0:10:12.559 my fellow my buddy entrepreneurs were sort of wondering one 0:10:12.600 --> 0:10:14.400 month in two months in this is going to impact 0:10:14.440 --> 0:10:16.400 my business, Like we knew on day one, right, the 0:10:16.400 --> 0:10:18.280 event business is shut down for a long time, So 0:10:18.360 --> 0:10:21.000 let's pave it hard into all of our digital businesses. 0:10:21.400 --> 0:10:23.600 And that's worked out well. But you know, when when 0:10:23.600 --> 0:10:25.679 that cash flow shut off, I was looking around at 0:10:25.760 --> 0:10:28.920 my portfolio and saying, you know, I'm really having the 0:10:28.920 --> 0:10:32.200 spec market. I love the higher risk sector, uh, the 0:10:32.240 --> 0:10:35.600 gambler and me thrives there. Um, but where's the security 0:10:35.600 --> 0:10:37.839 in my portfolio? And do I have enough? Right? And 0:10:37.840 --> 0:10:40.880 and I definitely double down on a few uh positions 0:10:40.920 --> 0:10:43.960 I had. Um that just I didn't feel we're large 0:10:44.080 --> 0:10:48.400 enough to really carry my family through a worst case scenario. Right. 0:10:48.440 --> 0:10:51.120 And I think that that's a relatable circumstance right now. 0:10:51.120 --> 0:10:53.400 I think a lot of people can relate to that. 0:10:53.440 --> 0:10:58.200 They've had their income shut off or compromised. Um. And 0:10:58.280 --> 0:11:00.679 you know, you look at the capital was like you know, 0:11:00.720 --> 0:11:02.439 that's what I look at. And you look at the 0:11:02.520 --> 0:11:04.880 central banks buying up gold right now. You look at 0:11:05.160 --> 0:11:07.920 the ultra conservative pension funds buying up gold right now. 0:11:08.240 --> 0:11:13.280 They're looking for security, they're looking for a buffer against inflation. Um. 0:11:13.640 --> 0:11:16.320 And and that's really gonna find it right historically, Uh, 0:11:16.360 --> 0:11:19.520 you know they find it in gold, right And so um, 0:11:19.559 --> 0:11:22.840 that's what that's what I'm talking about. Yeah, I know 0:11:22.920 --> 0:11:24.959 exactly what you're talking about. Like when that pandemic hit, 0:11:25.040 --> 0:11:28.839 I can't imagine there was a single person. Well I'm 0:11:28.840 --> 0:11:31.080 sure there was probably some people, but the people that 0:11:31.120 --> 0:11:33.400 I knew probably all wish they had a little bit 0:11:33.440 --> 0:11:37.200 more savings. You know. I was like, I mean, you know, 0:11:37.320 --> 0:11:39.520 I I I can, I can go quite a while 0:11:39.520 --> 0:11:41.839 without making any income. But even me, I was like, 0:11:42.520 --> 0:11:45.000 I need more savings, and and and and even and 0:11:45.000 --> 0:11:49.520 even with the future being uncertain. Um, you know, the 0:11:49.600 --> 0:11:51.440 reality is in the future it might be harder to 0:11:51.480 --> 0:11:54.040 make money. We don't know. So it's like, uh, every 0:11:54.320 --> 0:11:58.360 everyone's definitely scrambling for more security right now. Yeah, well 0:11:58.360 --> 0:12:00.480 there's never you know that I think we've and taught 0:12:00.520 --> 0:12:04.840 to have not enough respect for cash, right, It's it's 0:12:04.840 --> 0:12:07.040 put the money to work, right, what's your money doing 0:12:07.080 --> 0:12:09.800 for you? Right? Uh? You know, interest rates have just 0:12:10.320 --> 0:12:12.960 remains so appealing. You look at the bubbles and car 0:12:13.040 --> 0:12:15.960 loans and student loans, like it's it's the way we've 0:12:15.960 --> 0:12:19.720 been trained to a degree, right, Like cash has no value, right, 0:12:19.720 --> 0:12:23.320 put it to work, right, leverage whatever. Uh, And I 0:12:23.320 --> 0:12:25.480 think we woke a lot of people were woken up 0:12:25.520 --> 0:12:29.400 to the fact that that can be hugely costly. Yeah. Well, 0:12:29.440 --> 0:12:32.319 you know, they've created a system, the central banks, the 0:12:32.360 --> 0:12:35.200 front reserved, They've created a system where the money just 0:12:35.280 --> 0:12:38.280 loses value every day, so like forces people to go save. 0:12:38.400 --> 0:12:41.160 And by design, I mean the FED targets a two 0:12:41.160 --> 0:12:44.320 percent inflation rate, which means you're losing to percent value 0:12:44.320 --> 0:12:47.840 every year. Um. And so by design they're forcing us 0:12:47.880 --> 0:12:50.600 to go spend. And you chase that down a couple 0:12:50.640 --> 0:12:53.120 of generations, and of course it's no surprise that here 0:12:53.160 --> 0:13:00.120 we are today. Right. So I'm curious, um, being the 0:13:00.520 --> 0:13:03.160 in small caps, which I guess would be considered more 0:13:03.240 --> 0:13:06.679 risky for sure. Um. Right. You kind of mentioned with 0:13:06.720 --> 0:13:08.920 the miners. As you move down the food chain, right, 0:13:08.920 --> 0:13:11.319 you're kind of trading risk and reward. So being in 0:13:11.360 --> 0:13:14.240 the small cap space, you're younger, you probably make a 0:13:14.280 --> 0:13:16.960 good income, you're probably generally okay being a little bit 0:13:17.000 --> 0:13:19.840 more risky. Um. But then you see something like the 0:13:19.840 --> 0:13:23.800 pandemic happen where all of a sudden you're questioning that. Um. 0:13:23.840 --> 0:13:26.160 So I'm curious how you kind of like look at 0:13:26.160 --> 0:13:30.040 your own portfolio, um, and how you balance that out. 0:13:30.080 --> 0:13:32.080 I mean, were you getting rid of a lot of 0:13:32.160 --> 0:13:35.439 those like short term positions and moving to cash, or 0:13:35.559 --> 0:13:38.679 were you're moving that to gold instead, or like, how 0:13:38.679 --> 0:13:43.280 how did you approach that for your for yourself. Sure. Yeah, so, um, 0:13:43.480 --> 0:13:45.880 I guess I think about it in sort of three 0:13:45.920 --> 0:13:50.160 buckets in my portfolio. It's pretty simple. It's the the 0:13:50.200 --> 0:13:53.520 one bucket called the insurance insurance assets, things like my 0:13:53.559 --> 0:13:58.200 principal residents, uh physical gold right not not not paper 0:13:58.200 --> 0:14:00.560 gold or funds, but actual is the goal that I 0:14:00.600 --> 0:14:04.000 own and have. Um and you know, I still get 0:14:04.000 --> 0:14:05.440 a lot of people have called me out on that. 0:14:05.480 --> 0:14:08.760 It's funny, Um, like I'm some kind of tin hat 0:14:08.920 --> 0:14:11.520 arm to get in prepping, you know, with the safe 0:14:11.520 --> 0:14:14.800 in my basement. But you know, it is what it is. 0:14:14.840 --> 0:14:17.320 It's you know, you don't have to look far back 0:14:17.320 --> 0:14:21.760 in history to see the value that just in case scenario, right, Um, 0:14:21.800 --> 0:14:23.600 so yeah, that's what I think about it. Actually, you know, 0:14:24.200 --> 0:14:26.560 this is this will be something you'll probably have some 0:14:26.560 --> 0:14:29.320 comments and actually put a bitcoin in that bucket for 0:14:29.360 --> 0:14:32.880 myself and and only because um, you know, I'm not 0:14:32.880 --> 0:14:35.880 an aggressive bitcoin investor. You know, I allocate a bit 0:14:35.920 --> 0:14:37.880 of cash through every two weeks. But I guess the 0:14:37.920 --> 0:14:40.360 way I think about bitcoin is, you know, I never 0:14:40.560 --> 0:14:43.960 intended on becoming a trader. I don't really intend on 0:14:44.640 --> 0:14:47.880 sort of catching out unless there was some unique circumstance. 0:14:48.160 --> 0:14:49.680 It's something that I just I want to have a 0:14:49.680 --> 0:14:52.120 horse in that race, you know, just in case scenario, 0:14:52.240 --> 0:14:56.880 if there was a situation where FIA currencies were massively compromised, 0:14:57.280 --> 0:14:59.000 I think those asset classes are going to do really, 0:14:59.000 --> 0:15:02.840 really well. And so yeah, it's real estate, it's gold. Uh, 0:15:03.200 --> 0:15:05.000 even though bitcoin you've got a hard asset. I put 0:15:05.000 --> 0:15:07.240 it in there. I'll get people to argue me on that, 0:15:07.320 --> 0:15:09.560 but that's where where I where I place it. UM. 0:15:09.640 --> 0:15:11.400 And then it's you know, yield paying stocks. Read. I 0:15:11.480 --> 0:15:14.440 have a position UM in a variety of dividend paining 0:15:14.600 --> 0:15:19.000 gold miners right now. UM. And that's where I feel good, uh, 0:15:19.160 --> 0:15:23.000 in terms of market exposure with those bigger companies UM. 0:15:23.120 --> 0:15:25.800 And then about maybe thirty percent of my invested glasset, 0:15:25.880 --> 0:15:29.600 which I acknowledge is large, but it's my style is 0:15:29.640 --> 0:15:31.920 in the spec market, in the early stage, high risk 0:15:32.000 --> 0:15:36.280 stuff UM and and right now it's it's Uh. It's 0:15:36.280 --> 0:15:39.720 a majority precious metals for sure, a lot of precious 0:15:39.720 --> 0:15:44.440 metals explorers or early stage developers, but not exclusively. We're 0:15:44.440 --> 0:15:47.600 still quite active in the telemedicine space. One of my 0:15:47.680 --> 0:15:50.760 biggest holdings is in the nutrition space. UM it's a 0:15:50.800 --> 0:15:52.960 company I helped co found a couple of years back 0:15:53.000 --> 0:15:56.480 and as a seed investor. UM it's actually the infant 0:15:56.560 --> 0:16:01.240 nutrition industry. UM, and it's doing really really well. But yeah, 0:16:01.400 --> 0:16:04.480 that's that's kind of the overall breakdown. Yeah, I think 0:16:04.480 --> 0:16:06.160 that's great. And what I what I think that a 0:16:06.200 --> 0:16:08.720 lot of people can get from this is that one 0:16:09.080 --> 0:16:11.360 you said, Uh, it maybe a little bit too much, 0:16:11.400 --> 0:16:14.480 but it's my style and so UM, I think that's 0:16:14.480 --> 0:16:17.400 really important for people to understand, is that what I 0:16:17.600 --> 0:16:19.640 what I say is like, we have our own investor 0:16:19.760 --> 0:16:22.400 d n A and we need to understand what that is. 0:16:22.720 --> 0:16:26.120 Because what I want, what I need, what my goals are, 0:16:26.200 --> 0:16:29.360 what I know is different than you, and so I 0:16:29.400 --> 0:16:31.560 need to know what is right for me. Just like 0:16:31.600 --> 0:16:33.400 what you said, It maybe a little bit much for 0:16:33.480 --> 0:16:35.960 the people, but it but it's your style. And so 0:16:36.400 --> 0:16:38.000 I think I think that was that was a great 0:16:38.040 --> 0:16:41.680 point that you put out there, and I think everybody needs. Yeah, 0:16:41.720 --> 0:16:44.000 it'll change with time, I'm sure. Right at this point 0:16:44.000 --> 0:16:46.560 in my life, I'm I'm not quite swinging for the fences, 0:16:46.600 --> 0:16:48.160 but I like that, you know, And that's what I 0:16:48.240 --> 0:16:50.800 used to do prior to having kids and having a 0:16:50.800 --> 0:16:53.840 few more responsibilities. I've always been a gambler, right, and 0:16:53.880 --> 0:16:56.840 I'm definitely uh, you know, I trend towards a higher 0:16:56.920 --> 0:16:59.440 risk tolerance for sure, So I need to be careful, 0:16:59.560 --> 0:17:01.840 right and share. I put some structures in place that 0:17:02.360 --> 0:17:04.359 limit my exposure a little bit because I'd be all in. 0:17:04.520 --> 0:17:06.320 I'm a horrible poker player. Man, I'm all in on 0:17:06.320 --> 0:17:10.760 the parents suos. But but that's the point, and that's 0:17:10.760 --> 0:17:13.320 why it's so important for people to understand this, because 0:17:13.680 --> 0:17:16.680 there's no like me giving you the right answer, because 0:17:16.720 --> 0:17:20.320 that answer changes, right, So like you're for you, like 0:17:20.440 --> 0:17:22.359 you might have been more risky before kids. Now you 0:17:22.400 --> 0:17:23.879 have a couple of young kids, you're and you know, 0:17:23.920 --> 0:17:26.640 a little bit less risky. Uh. And then then pandemic hits, 0:17:26.680 --> 0:17:29.080 and then there's even less risk and so and and 0:17:29.200 --> 0:17:31.200 your goals and things change, and so it's important that 0:17:31.240 --> 0:17:33.600 people understand that. The other thing that you were saying 0:17:33.680 --> 0:17:35.879 that I want to bring a point to for everybody listening, 0:17:36.359 --> 0:17:39.320 is that what you also said, and one is investing 0:17:39.359 --> 0:17:41.800 along your style. The other thing is that you're investing 0:17:41.880 --> 0:17:44.280 along It sounds like and tell me if I'm wrong, 0:17:44.359 --> 0:17:46.840 But you're investing into stuff that you know that you 0:17:46.920 --> 0:17:50.440 have some domain expertise in UM. So you're running events, 0:17:50.480 --> 0:17:53.360 you're meeting people, you have expertise there, you have maybe 0:17:53.440 --> 0:17:56.040 inside connection, not insider, but you know what I mean, 0:17:56.680 --> 0:17:58.760 And so you're investing along with your knowledge. Would you 0:17:58.800 --> 0:18:02.480 say that's correct? And it's still key right to play 0:18:02.520 --> 0:18:06.360 to your strengths. And yeah, I'm agnostic in the industries 0:18:06.400 --> 0:18:08.880 I touched, but not in my approach. It's all about 0:18:08.920 --> 0:18:13.520 the people people every company. I'm a shareholder of UM. 0:18:13.640 --> 0:18:15.840 I have a high, high, high level of confidence in 0:18:15.880 --> 0:18:18.840 the entrepreneur um you know, and and you know my 0:18:18.920 --> 0:18:21.680 criteria is real simple. It's essentially when I began looking 0:18:21.720 --> 0:18:23.760 at a company, first of all, I need to be 0:18:23.800 --> 0:18:26.480 able to identify some shareholders that I know and have 0:18:26.560 --> 0:18:29.320 a high level of trust in, right, UM. Then that 0:18:29.440 --> 0:18:32.200 helps me qualify yes, this is worth a deeper look. 0:18:32.240 --> 0:18:34.680 And then secondly, let's look at the management team and 0:18:34.800 --> 0:18:38.560 decide um whether or not they've had wins in the 0:18:38.680 --> 0:18:41.480 past that I can stand behind. Right, I'm not opposed 0:18:41.520 --> 0:18:43.600 to betting on the rookie at all. Uh, you know, 0:18:43.840 --> 0:18:45.560 most of my life I've been the rockie, Right, but 0:18:45.760 --> 0:18:48.960 like when it comes to my my dollars, Yeah, I 0:18:49.080 --> 0:18:51.399 do have that criteria, right, and if it is, you know, 0:18:51.440 --> 0:18:54.920 I've got a couple of positions and some first time CEOs, 0:18:54.920 --> 0:18:57.159 but they've surrounded themselves with the right executive team and 0:18:57.200 --> 0:18:59.080 I've got all the confidence in the world that they've 0:18:59.320 --> 0:19:01.879 made the rights to buffer their blind spots, right, and 0:19:01.960 --> 0:19:04.480 so I can believe in that team. But yeah, step 0:19:04.560 --> 0:19:06.200 one is look at the shareholder base. Who are the 0:19:06.240 --> 0:19:08.560 cornerstone investors? Do I know them? Do I trust them? 0:19:08.640 --> 0:19:10.680 Do they have a history of making good decisions and 0:19:10.800 --> 0:19:13.600 being right? You know? And secondly it's the management team 0:19:14.000 --> 0:19:16.200 have already proven they can do it right, So the 0:19:16.280 --> 0:19:18.320 question isn't can they do it? But can they do 0:19:18.400 --> 0:19:21.879 it again? Right? Um? Always look at who the majority 0:19:21.920 --> 0:19:24.800 shareholder is, you know, and if they're not the management, 0:19:24.880 --> 0:19:27.119 then runaway. Right. If they don't have more skin in 0:19:27.160 --> 0:19:29.159 the game than I could ever, then I'm not interested. Right. 0:19:29.880 --> 0:19:32.879 They'll never never be a good steward of your capital 0:19:32.960 --> 0:19:38.080 unless they're more worried about their own. That's just human nature, right. Um. Yeah, 0:19:38.119 --> 0:19:40.399 that that that that that skin of the game is 0:19:40.400 --> 0:19:42.840 so important because it's so easy for someone to walk 0:19:42.880 --> 0:19:46.440 away from sweat equity, but they're they're very less likely 0:19:46.480 --> 0:19:49.440