I’m a big fan of buying bombed out sectors, but only where a catalyst to change the environment for the better is evident. Zimbabwe qualified a couple years ago, and still does. Japanese equities certainly qualify today as well. When I look at Japanese equities, the case can certainly be made
Have you ever done something so stupid that you really never wanted to discuss it again… ever… ever, ever, ever? I’ve previously discussed some random lessons learnt so far. Today I have a shameful story to share with you, and its roots are in a dark, dank and rotten place…
China circa 1100… This was a time when commerce was booming, life was grand and the Chinese economy was expanding rapidly. I don’t know the figures but by all historical accounts real GDP was going through the roof. Alternating crops on the land, irrigating and fertilising with manure – in
Questions, not answers are where all thoughts begin. If you’ve come to this blog looking for answers we humbly suggest you leave now. There are countless sites out there offering you the answers. That many of them have been, and continue to be, dead wrong doesn’t matter, they satisfy the perverse need for
Listening to some of the clowns at Davos prattle on with myriad broken theories, while simultaneously using statistics as weapons in their intellectual tantrums, it struck me that most people have little idea what actually goes into government numbers such as CPI, GDP, unemployment levels, etc. In theory GDP or Gross Domestic Product should give
Front-running liquidity has been a terrific investment strategy for Mark and I over the years (and NO, it has nothing to do with getting drunk before everybody else). It allowed me, before reaching the ripe old age of 30, to wake up one morning realizing that, “Hey I don’t have to
We interrupt this broadcast to bring you some terrific news – Direct to you from the BOJ… “Beloved citizens, “On the 24th of December, 2011 the Japanese Cabinet approved a draft budget for the 2012 fiscal year. The numbers reveal that we, Japan, have proved once and for all that
It must be the stench of an enormous pile of debt that keeps bringing me back to Japan. Like a scavenging mongrel at a rubbish dump, I’m drawn to the pure absurdity that exists in today’s financial markets. Greece, Italy, Ireland, France they’re all running unsustainable finances. The problem is
