Adventure Capitalist
It’s not what you preach, it’s what you tolerate. -
The world is made up of two classes - the hunters and the huntees.
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Let us return to pathemata mathemata (learning through pain) and consider its reverse: learning through thrills and pleasure. People have two brains, one when there is skin in the game, one when there is none. Skin in the game can make boring things less boring. When you have skin in the game, dull things like checking the safety of the aircraft because you may be forced to be a passenger in it cease to be boring. If you are an investor in a company, doing ultra-boring things like reading the footnotes of a financial statement (where the real information is to be found) becomes, well, almost not boring. -
How could a Surf Gallery A R T / Asian Fusion Taco Shak generate Organic Growth?
New Things in Old Places > > Old Things in New Places.
Organic Growth is Possible within a larger plan.
Principled younger people need constructive experience, focus & capital.
Past experiences working for, with or around centric > self centered entities has allowed us to ensure we focus in service to the community.
Solutions Oriented.
Surfers embrace the macro - to attain efficiency & success riding kinetic energy outside our control.
Feeling must go away. Embrace the grind, the ugly.
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Shanghai-La down south was discovered by following the ideas of mentors.
The 1st trip to Uruguay in 2002 was financed by cousin David Leddick with an agreement to help paint / remodel an old late 1800’s edificio [building] en La Ciudad Vieja, Montevideo.
Young people without significant capital can trade physical energy & passion while obtaining an important education free of the ivory tower idealists.
Second Cousin David Leddick could be described as somewhat of a Renaissance Man taking actions as a ballet dancer in NYC post U.S. Naval Officer operations in the Pacific Theater, Advertising Creative Director, Real Estate Investor with boots on the ground renovations in NYC, Paris, Loire Valley & Miami Beach.
2002 was a time for one owner to focus on surfing & investments > going all in at Morgan Stanley in Del Mar, California.
Extraordinary Places - Exceptional People.
My cousin loved the spirits of the old city resembling Rome & Havana. Montevideo was a small simple town compared to Buenos Aires during a time of complex financial distress in the Argentine Peso denominated markets. Crisis / Opportunity.
Mentors in Del Mar & Carlsbad California taught the relevance of commodities, resources, the extraction industries & collateral outside traditional financial assets.
Commodities & Essentials 2 the Assent of Mankind > unloved hard assets > added interest to the allure of the Uruguayan coast. Contrarian Value.
We do not see things as they are, we see them as we are… - Angela Anaïs Juana Antolina Rosa Edelmira Nin
Raging inflation in South America and extreme levels of cost of capital presented an opportunity. High interest rates > low bond prices accounted for the distrust of regional central banks & the governments financed in these regions.
The global world needs real capital / collateral. The past decade in Western Europe & USA Inc [East India Co Crown Colony] has made it clear there IS NO GOING BACK TO SOLVENCY. Most citizenry in North America conflate rising stock prices with wealth creation not considering the denominator.
Financial Distortions Not Respected > Opportunity.
Current Western World financial centers currently continue with a policy response of ‘liquidity’ vs solvency only adding to our interests in more natural eco / financial systems [Dow of Capital > Conifer > M. Spitznagel]. The process of cleansing excess unplayable debts can be extended in financial centers but remember assets are ephemeral where debts remain eternal. Entrepreneurs must respect real math [balance sheets] and history.
Safe Havens during Margin Calls are always in Vogue / obvious after the event.
‘There are three types of people in this world… those who make stuff happen, those who watch it happen… and those who awaken and wonder what the hell happened?’
Jim Rogers made some comments about Punta del Este which were confirmed on our recent trip back to review projects in action. We hope to see all friends upon our opening or later when Posada Ikigai is open for the experience.
Punta del Este in the old resort is changing again for the better. Not so many from North America this trip but one can see the European’s are coming back > some for the long haul. Great to see our friends at La Huella en Jose Ignacio. A classic. More to come on the area as this site is still UNDER CONSTRUCTION.
Grade Abrazos -
C + H
P.S. There may be more opportunity in the world than ever. Company structure will be centered around a royalty finance concept to ensure a prudent allocation of capital to entrepreneurial endeavors. Building teams who can create their own skin in the game. Manantiales was chosen as the 1st location with a primary focus on Quality over Quantity > An artists village.
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