In this week's Five Good Questions, we're interviewing Bogumil Baranowski about his book Money, Life, Family.
Bogumil K. Baranowski is a New York City-based investment professional with almost fifteen years of experience. He is a founding partner of Sicart Associates, a boutique investment firm catering to families and entrepreneurs on both sides of the Atlantic and the Pacific. He is the author of Outsmarting the Crowd and a TEDx Speaker ("The Great Investor in You"). Bogumil greatly enjoys speaking about investing and family wealth around the world. He likes to say that he was born Polish, grew up European only to become American later on. In his free time, he reads, writes, flies single-engine propeller planes, scuba dives around the globe, and sails.
Five Good Questions:
1. How have your early life experiences shaped you as an investor?
2. What are the three types of “remote” we need to live a good life and be a successful investor?
3. Warren Buffett has a quote that he’s a better businessman because he’s an investor and a better investor because he’s a businessman. What do you think of the idea that you’re a better investor because you’re a traveler, and a better traveler because you’re an investor?
4. What are some of your best tips for insulating against the noise of the news cycle and financial markets?
5. Most family wealth was built from a severe lack of diversification. How much diversification is necessary to maintain wealth?