•Physical assets are becoming less important as wealth is "dematerialized" into virtual assets like intellectual property, brands, and knowledge. •Individuals are gaining direct access to global markets through the internet.•Action: Shift your thinking from physical to virtual assets. Focus on acquiring knowledge-based wealth.

Chapter 3 - The Virtualization of Wealth    

•Passports and citizenship will become less important as individuals gain more opportunities on a global scale.•Individuals will be able to choose between many jurisdictions with varying rules and tax policies.•Action: Explore second citizenship, residency, and tax optimization options that fit your needs and values.

Chapter 6 - The Universal Passport

In summary, the key message of the book is that the information age is empowering individuals and giving them more freedom, choice, and control over their lives. Governments, corporations, and social structures will need to adapt to this new reality - though individuals still need to take action to fully realize these new opportunities.

Summary 

•Individuals have three options: exit (migrate), voice (influence decisions), or demand a dividend (share in profits). •The internet gives individuals more power for "exit" and "voice", while weakening the power of governments and corporations.•Action: Consider how you can exert more "exit", "voice", or "dividend" in your personal and professional life.

Chapter 4 - Exit, Voice, and Dividend 

•Social responsibilities and obligations will decline as individuals gain more autonomy.•Individuals will form more voluntary associations based on shared interests rather than geography. •Action: Consider which social obligations truly align with your values and priorities, and let go of the rest.

Chapter 7 - The Death of Social Obligations 

The information revolution is transforming the world and creating unprecedented opportunities for individuals. •Physical capital is becoming less important, knowledge and human capital are ascendant. •Individuals are gaining more control and power through information technology.  •Action: Acquire skills and knowledge that will be valuable in the information age. Learn how to use information technology to your advantage.

Chapter 1 - The Information Revolution and The Individual

•Gordon Moore's observations about integrated circuits, known as Moore's law, is driving technological progress at an exponential pace.•The spread of information online exhibits strong network effects and increasing returns.•Action: Understand the power of compounding progress in technology and information. How can you leverage this for your benefit?

Chapter 2 - Compounding Information: Moore's Law and Increasing 

•Governments and corporations will need to change and become more adaptive to survive.  •New forms of direct democracy may emerge online, enabled by information technology.•Action: Consider how you can engage in new forms of governance. Participate in online communities and movements.

Chapter 5 - New Forms of Governance

Two renowned investment advisors and authors of the bestseller The Great Reckoning bring to light both currents of disaster and the potential for prosperity and renewal in the face of radical changes in human history as we move into the next century. The Sovereign Individual details strategies necessary for adapting financially to the next phase of Western civilization. Few observers of the late twentieth century have their fingers so presciently on the pulse of the global political and economic realignment ushering in the new millennium as do James Dale Davidson and Lord William Rees-Mogg. Their bold prediction of disaster on Wall Street in Blood in the Streets was borne out by Black Tuesday. In their ensuing bestseller, The Great Reckoning, published just weeks before the coup attempt against Gorbachev, they analyzed the pending collapse of the Soviet Union and foretold the civil war in Yugoslavia and other events that have proved to be among the most searing developments of the past few years. In The Sovereign Individual, Davidson and Rees-Mogg explore the greatest economic and political transition in centuries—the shift from an industrial to an information-based society. This transition, which they have termed "the fourth stage of human society," will liberate individuals as never before, irrevocably altering the power of government. This outstanding book will replace false hopes and fictions with new understanding and clarified values.