#740 - Nomad Capitalist - How To Travel The World And Pay No Tax
Modern Wisdom
00:00
Quality of Banks and Institutions Determines Investment Risks
The speaker discusses the importance of investing in banks and institutions based on their quality rather than the country they are located in. They explain that factors like ownership, stability, and trustworthiness play a crucial role in determining the risk involved in investments. Despite some countries having reputable banks, the speaker expresses skepticism in trusting any institution with all their life savings. They emphasize that geopolitical events and changes in regulations can impact investments globally, highlighting the need for careful consideration and diversification.
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