Listen now (64 mins) | A one-hour interview with private investor Danny Solomon, discussing which markets we like and which we don’t … and a bit about Chelsea too.
I was interested to hear that your son plans to be a 'digital nomad' with no desire to build a traditional career in an office. I have a son, ten years older than yours, who had the same plan, as did several of his contemporaries at school. To be fair to him, he managed to support himself, just, and enjoyed the life, but was always close to broke.
Attractive though it was at first, the trouble with this plan proved to be that, unless they really strike it lucky, when they reach their early thirties they suddenly notice that their siblings and other contemporaries who became scorned things like doctors and lawyers now have houses, cars, holidays and so on.
It's a slightly bitter pill to swallow, but I imagine it was ever thus.
I was interested by the conversation it kind of ticked a lot of boxes about what I already thought. I must say though the retail businesses would be on the high street but they are being hammered by Business Rates, Tax and High cost of rent and lease property. That is why they cannot compete with the internet. Political establishment know this is the case across parliament and they are all happy for this to occur because too many of them are in the pockets of large multi national companies or it fits in with their ideology of centralization. Despite the fact that most small and medium sized businesses are employing and providing most of the work to the population in this country. This could be turned around quite easily but they have no interest of changing their position. The UK is in a great position but to many political classes are holding the country back. It can economically boom and grow extremely powerful and compete with the internet businesses if this stance was changed. The only good thing has been Kemi Badenoch signing the UK up to the Indo-Pacific trade deal where we can do very well as a nation.