Chris and I took a trip to Yangon a few months back. We wrote about it here and here. While in-country we met an intrepid American chap named Billy Selig. Billy runs an outfit called New Crossroads Asia. We spent several hours discussing the country, Billy’s background and his plans for investing in the country. [...]
February 7, 2013 By 3 Comments
Seeking Safety in the Frontier
Historically, Emerging and Frontier markets may have been associated with instability, volatility and a lack of certainty. However, today many emerging economies are actually less volatile than developed ones, enjoy SUBSTANTIALLY lower levels of debt and far better fiscal accounts. In fact, although Zimbabwe recently announced it had only $217 in the government checking account, [...]
January 24, 2013 By Leave a Comment
How to Invest in Frontier Markets
Investing in frontier markets is a challenge due to lack of liquidity and significant set-up times. One way to circumvent these problems is to Invest in other people’s expertise through a managed fund. We work hard to associate ourselves with smart individuals where we can reciprocate value. This not only gives us opportunities to put [...]
January 10, 2013 By 2 Comments
Tales of a Track Record
Now that we’ve said goodbye to 2012 we thought it appropriate to reflect. Specifically, we want to go back and review the trades and speculations we picked to outperform in 2012 and beyond. Chris and I are speculators first and foremost. We trade, but we make a few longer-term investments from time-to-time as well. I [...]
January 8, 2013 By Leave a Comment
A Case for Frontier Markets
I received an early Christmas present last year. Yep, 2012 is now last year! Some time ago I had agreed to write a short chapter for a book recently published by Wiley. I had completely forgotten about it, but thankfully received some complimentary copies in the mail on Christmas eve. I’ve since been reading through [...]
October 30, 2012 By 2 Comments
Burmese History – A Guide for the Future?
I wrote recently about the “crowd” high-tailing it out of Mongolia for Myanmar. They’ve gone to poke around and will likely leave the country with tales of beauty and opportunity, but not much else. Hot money (or in the case of Myanmar, hot money investors) will ruminate on how to invest, but will likely leave [...]
