Year: 2014

2014 in the Rear-View Mirror

Each year we have made a habit of taking a look back at what we’ve prognosticated “may” occur during the year and holding the mirror up. Given that we’re at year end 2014, it’s that time again! Sometimes this is a painful exercise, as it’s a clear reminder of how

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The Implications of “Red Monday”

Regular readers will have been very well positioned to take advantage of what is happening in emerging markets and specifically currencies as we can see from the fairly dramatic chart below. We’ve been positioning for a USD bull run for some time now. Back in October we made the call

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Watch Out for Your Eyeballs!

I’m going to paraphrase a conversation I had recently with a Venture Capitalist whose focus is on the tech industry: Me: “Eyeballs, that’s what founders are telling me. How will this company monetize them?” VC: “Don’t know, they haven’t figured that out yet.” Me: “Right. Then how do you come

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Starting Up in Myanmar

In a world simply drowning in debt, the most egregious debt ever recorded in the worlds history in fact, we find ourselves with a unique situation where previously backward broken shell shocked countries such as Myanmar have one element of risk which we can eliminate from our risk profile when

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Stability vs Opportunity

Bernie Madoff promised investors above average, consistent year after year mathematically impossible returns. Investors fell for the high returns but what they REALLY fell for was the apparent consistency. The stability or returns, the certainty. Bond funds appeal to investors because they offer stable returns each year. Quantifiable and certain.

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