The Itinerant Investor
Business ideas aside, travelling is also a great way to learn more about alternative assets such as wine and whisky
It is a universally acknowledged fact that travelling broadens the mind and lightens the wallet. But it need not be so for an astute man with investment ideas in want of a large fortune. Entrepreneurs have long credited the enriching experiences of their travelling for some of their big ideas and continued business success. This peripatetic pursuit of profit was also cited in The Economist, which gave the example of Les Wexner, the owner of Victoria’s Secret, who takes a month every year to travel the world in search of ideas to adopt. Business ideas aside, travelling is also a great way to learn more about alternative assets such as wine and whisky. For an investor looking to diversify out of traditional asset classes such as stocks, bonds and gold, these alternative assets are promising from a risk-adjusted return perspective. And the best part about wine and whisky is that even investment mistakes can be enjoyed.