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- #086 – Chess & Fishermen
Good morning everyone,
Hope you’re having a great week!
Let’s jump in.
read online on my website
read time 3 minutes
#086 at a Glance:
Quote: The shortest answer.
Podcast: Joe Rogan x David Goggins.
Framework: The Rich Man’s Chessboard.
Article: Why 2025 is a landmark year for wealth migration.
Tweet: When fishermen cannot go to sea...
Quote I’ve been thinking about:
“The shortest answer is doing the thing.”
Podcast I listened to:
The Joe Rogan Experience #1212 - David Goggins
One from the archives.
If you haven’t listened to the episode in full before…
Do it.
Listen on Spotify, Apple Podcasts, or YouTube.
[Podcast Length: 2 hours 18 minutes]
Framework to think about:
The Rich Man’s Chessboard
One of my good mates sent me this Instagram reel the other day outlining ‘The Rich Man’s Chessboard’, and I really liked it.
@jonnyvandel
“You need to understand The Rich Man’s Chessboard. This breaks down the 6 essential skills to become an actual opponent in the business space.
The most important piece on the board is your king, and the king’s skill is sales. When it comes to making money, sales is the most important skill that you can have. Over 75% of the world’s self-made billionaires started with sales.
The second-most important piece on your board is your queen and her skill is marketing. Marketing is simply leveraging power dynamics and mastering human psychology. This allows you to create desire and craft influence. Marketing also makes you extremely versatile in any form of business.
The third-most important are your rooks and their skill is simplicity. If you’re playing a game of chess, rooks excel in the end-game because they simplify the board by focusing on long-term success, and it’s the exact same in business because streamlined processes always excel.
The next most important pieces are your bishops and they are completely focused on positioning. Bishops have a long-range vision that allows them to see the narrative. Seeing the narrative in the trend of the game is very important in chess but it’s also very important in business. If you’re working against the narrative, that is going to be extremely difficult.
Next up are your knights and their skill is creativity. The skill of doing something creative and unconventional to jump over barriers is extremely important in business just like it’s important for a knight.
And lastly, we have our pawns and their skill is building a strong foundation. Just like in chess, the biggest victories in business often begin with the smallest moves.”
Article I read:
2025: A Landmark Year for Wealth Migration
I read a really interesting article the other day by Dr. Juerg Steffen, CEO of Henley & Partners, the global leader specialising in citizenship and residency by investment.
The article focused on why 2025 is poised to be a landmark year for wealth migration with millionaires from across the world leaving their home countries and establishing new bases abroad.
These were my favourite takeaways:
In 2024, 134,000 high-net-worth individuals relocated and established new domiciles worldwide. This exceeded initial forecasts, driven by robust inflows to the UAE, USA, and Italy, alongside higher-than-expected departures from the UK.
Looking ahead to 2025, projections indicate an even greater surge in millionaire migration, with 142,000 high-net-worth individuals with liquid investable wealth of USD 1 million or more expected to seek new horizons.
From a pre-pandemic peak of 110,000 mobile millionaires in 2019, numbers plummeted during the Covid-induced paralysis of 2020. The subsequent recovery has been nothing short of remarkable, with current figures representing a fundamental reshaping of global wealth flows.
The historic election super-cycle of 2024, which saw national polls in more than 70 countries, accounting for around half the world’s population, has created new patterns of opportunity and uncertainty. These political realignments, coupled with ongoing conflicts and economic volatility, have prompted wealthy individuals to seek not just safe havens but a diverse range of domiciles across strategic geographic locations in a rapidly evolving global landscape.
Real estate continues to play a central role in investment migration, but with a notable evolution. Today’s programs increasingly emphasise sustainable development and technology integration. Properties that once served purely as investment vehicles now function as multi-purpose assets — combining residence rights with income potential and lifestyle benefits.
Digital infrastructure and cryptocurrency regulations now rank alongside traditional concerns such as education and taxation when it comes to weighing up residence and citizenship by investment program options.
The investment migration sector, estimated to be worth EUR 20 billion, stands at a crossroads. Once viewed as a niche service for the ultra-wealthy, it has matured into a sophisticated wealth planning tool, recognized by governments and financial institutions alike. As we move through 2025, the sector's role in facilitating global capital flows and fostering economic development will only grow in importance.
You can read the full article here.
Tweet I liked:
When The Fishermen Cannot Go To Sea
Thanks for reading! Grateful for your support.
Stay hungry, stay humble, stay curious. ⚡
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