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.
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),”
As I’ve written about before, I’m very bullish on Africa’s long-term future growth prospects and I have personally invested in several companies listed on African stock exchanges.