In this engaging conversation, Patrick Grimes shares his journey from a career in automation robotics and machine design to becoming a private investor. He details the lessons learned from experiencing foreclosure during the 2008/2009 market downturn, which led him to develop his "Three Rings of Investment" philosophy: seeking recession resilience, non-correlation, and insulation from AI disruption. Grimes critiques publicly traded Real Estate Investment Trusts (REITs) in what he calls "The Ruse of REITs," arguing they are "publicly traded paper" that lack the core tax and inflation-hedging benefits of direct real estate. He also emphasizes the power of partnership to build a stable, hyper-diversified portfolio and discusses high-return alternative asset classes like commercial debt, legal funding, and medical receivables.
Ultimate Show Notes:
01:48 - Patrick Grimes's Background and Career
03:57 - The 'Aha' Moment: Advice to Invest in Alternatives, Not Stocks
05:56 - Early Setback: Foreclosure and Learning Recession Resilience
10:38 - Overview of Passive Investing Mastery (PIM)
12:53 - The Three Rings of Investment: Recession Resilience, Non-Correlation, and AI Insulation
14:55 - The Risk of AI Disruption in Investments
23:49 - "The Ruse of REITs" and Stock Market Correlation
30:23 - The Power of Partnership and Hyper-Diversification
34:15 - Discussion of Returns in Private Credit and Debt Funds
39:00 - High-Return, Low-Risk Boutique Alternatives (Legal Funding, Medical Receivables)
Connect with Patrick:
www.passiveinvestingmastery.com/book
[email protected]
Learn More About Accountable Equity:
Visit Us: http://www.accountableequity.com/
Access eBook: https://accountableequity.com/case-study/#register
Turn your unique talent into capital and achieve the life you were destined to live. Join our community!
We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.
Linkedin
Facebook
Instagram
Apple Podcast
Spotify