The foundation of many personal and dynastic fortunes around the world, especially in densely populated Asian cities such as Singapore and Hong Kong, has been real estate.
As I’ve written before, one of the core attractions of investing in less developed markets around the world is that they still inhabit a normal universe where interest rates are positive,
Sometimes you come across a market situation that makes NO SENSE… where companies are reporting significant increases in profits, yet their shares prices are low, and investors continue to sell them.
Last Friday, zero shares traded on the Dar es Salaam Stock Exchange. The same day, the NASDAQ in the USA traded 6,572,850,000 shares – an all-time high. I believe one of these statistics signals an opportunity, near the bottom. The other signals danger…
In 2010 I spent a very enjoyable three weeks in South Africa; in Johannesburg, Pretoria, Durban and Cape Town for the 2010 World Cup. The anthem for World Cup 2010 South Africa was a very catchy tune, “Waka Waka (This time for Africa),”