In today’s episode of the Passive Wealth principles podcast, Jake Harris had an insightful discussion with Litan about his background, his journey, and the priceless lessons he learned on the way.
You will not only learn about Kimberley Certificate and its use in the Diamond Industry but learn how Litan helps people be more organized in their passive investments using his new venture Vyzer.
This is a must-listen-to episode that tops off with rapid questions with Litan at the end!
4.38- Litan’s background.
10.34- Litan’s role in the Navy.
14.10- Why Segoma?
23.27- How did he start evolving as a passive investor?
35.39- Series of problems after being passive investors.
37.48- Questions to GPs.
46.35- Challenges when investing in terms of currency.
1.06.18- One thing that gave Litan freedom after spending money.
1.11.25- Wrap up.
“If you are already investing in real estate and you want to be passive, I don’t see any other way to do it than investing as an LP investor. That’s the best way to reach that financial independence.”
“Investing is a risky business, and each has a different risk profile for different reasons and it’s like I didn’t want to add the currency risk on top of that because if the shit hits the fan and I’m stuck with the Euros and dollars. I can still use it somewhere. I can still fly to Europe or US and use it there as opposed to any other, not core currency in the world”.
Never Split the Difference: Negotiating as if Your Life Depended on It. by Chris Voss.
Thinking, Fast and Slow by Daniel Kahneman.