Ian Argus Stuart: the Castaway Investor or How to Rediscover Life

Ian Argus Stewart in Christmas 2014
Ian Argus Stuart in Christmas 2014

Ian Argus Stuart could have chosen a comfortable life but he has preferred to rediscover life by putting himself into extreme situations. He has crossed the Kalahari Desert, Angola’s Skeleton Coast and the Belgian Congo in solitary and in recent years he has become fond of castaway experiences.

Ian‘s interest in these new experiences was raised by Docastaway, a travel company funded by Spanish entrepreneur Alvaro Cerezo that specializes in organizing holidays to remote uninhabited islands around Indonesia, the Philippines and Central America. It provides both an adventure mode “for those people who are ready to face the most intense and authentic experiences“ and a comfort mode “suitable for people who lead demanding lives and who wish to have an experience similar to that of a castaway, but desire a certain levels of luxury in order to enjoy their private island vacation“.

But Ian has gone farther and he has stayed on the most dangerous islands in survival mode.

volcano and island
The Hunga Tonga underwater volcano explosion  gave birth to a new island, which Ian named Nuria. Pictures by Ian Stuart and Docastaway.

Born in Southern England, he started very early an entrepreneur career and he  made a fortune out of buying, refurbish and selling luxury boats. He became an Andorran national in 2000. He and his wife Nuria bought and restored an impressive Andorran borda (rustic house) in the village of Anyós. He is now a kind of a nomad in Asia with no fixed address.

Ian‘s story first appealed to me because he reminded me in a sense to a character I created in a book called Castaway in the Stock Market, which was published in Spain in 2005. In the book, a castaway who had spent 16 years on a desert South Pacific island comes back to civilization and he benefits from this survival skills to successfully invest in the stock market. Ian‘s story is in fact the opposite. He has been a successful entrepreneur and investor before becoming a castaway of his own will.

When he goes to islands, he doesn‘t take food with him. He survives by fishing with a self-made rod using hermits as bait and eating what he finds, as seagull eggs or crabs. He uses a water capture system out of a plastic sheet and a rubbish bin.

But he‘s not completely cut off of the world. According to Alvaro Cerezo, “sometimes, when his day’s survival work had finished and he’d got a bit of spare time he would go up to the highest part of the island so he could use his smart phone to connect with the London Stock Exchange and buy and sell his shares.“

Ian has spent 87 nights on uninhabited islands so far. One of them, the volcanic Devils Island, is full of hidden lava holes and it‘s so dangerous that a Discovery team didn‘t even dare to land. He has escaped death by inches three times. He once fell down dramatically the side of a volcano when he intended to reach the top of the crater, only to be stopped miracoulously by a ledge.

Ian oct2014-2
Most of Ian‘s survival equipment fits in the bag he‘s carrying.

He has been the first person to sleep on the newest island in the world, which emerged in the South Pacific in March 2015 after the Hunga Tonga underwater volcano went active three months earlier. He risked to be the last as well since the 500 meters long island is quite unstable: it‘s made of magma and it could sink back into the sea. You can feel the surface is still hot there as if it had just came out of the “oven“. And the volcano underneath the surface may not have finished to “build“ the island yet. None of these prospects disturbed Ian‘s sleep.

Ian says these kind of experiences are open to everybody. You can either go on your own, in couple or with friends. But in any way you will have to survive! For instance, from some comfortable habits, which are sometimes the greatest dangers we pose to ourselves!

This is something we can practice in our everyday life though. To get out of our comfort zones or to revise the way we think may be inner adventures as well. Caos, my imaginary castaway, survived in the stock market‘s turmoil by challenging logical thinking. In one way or another success is usually about surviving.

Ian has been kind enough to answer a few questions for Invesgrama.Ian nov 2014-2b

You are an adventurer and an investor. How do you manage both challenges?

I am retired from many companies I owned. I decided to sell up and do what i have always enjoyed doing, just living life. I have owned some of the largest houses and largest boats in my time but nothing compares to arriving somewhere, be it a desert island or jungle, and having to survive of the land.

I started life at 15 sleeping on a railway station so from there there was only one way to go. I have always believed in taking risks in life. I have no interest in earning as much money as I can. I have made and lost millions over my life, but I have never had to wind any company up as it always comes right in the end.

Do you also have an adventurous spirit when you invest or do business?

I have never bought any of the usual stocks. I remember buying 3 million shares of Bank of Ireland at 10 cents that later sold at 32 when everyone said I would lose my money. Yes, I have had a few companies on the stock market go broke but that is part of the fun and risk.

Bank Of Ireland 2011-2015 Ian eng

Last week i brought a block in National Bank of Greece (NBG). I am sure they will do the same as Bank of Ireland given time.

[UPDATE: The interview was made on October 4, so Ian bought NBG stock at around 0.50 $. On October 22 the shares were already at 0.94 $.]

You have been the first person to live on the youngest island in the world which emerged from a volcanic eruption. How do you feel about it?

Staying on Nuria Island, as I call it, as in most religions it means gods fire and there is no doubt that the island was formed by fire, was a great experience to see how the planet must have been at the dawn of time.

Fishing rod
Ian with his self-made fishing rod.

How does your vision of the world change when you are on a desert island?

Many people think I am mad living the life that I do but I believe that they are mad not trying anything in their life and then growing old saying that they wished that they had done one thing or another.

But it‘s a strange world that we live in, where a sportsman can earn 200 times what a doctor does and where indifference to help each other divides our world. Look at what is now happening around the world.

Cave Nuria Island
Home risky home at Nuria Island. It could either disappear under the sea or explode if the volcano woke up.

What‘s your view about the current financial situation?

I did a TV interview a few months ago that they may release soon where I said the world is heading for a perfect storm financially. Well that is happening now but many still don‘t see it.

I ask you a typical question but I certainly won‘t get a typical answer: what do you bring to a desert island?

When I go to islands, and in the last year I went to five uninhabited islands sleeping 87 nights alone, I take only a machete, knife, plastic sheet for shelter and catching rain water, some fishing line and hooks along with a iSavi internet up-link but as to date I have never made or received a call on it as I keep it turned off unless I want to check the markets or send pictures to Docastaway. I pack it all in a dustbin to keep it dry when landing, then the dustbin becomes my water tank. I never take any food with me as it is not to difficult to find things to eat.

Ian nov2014
Thinking about a new adventure.