Tag: real estate

Replace These People with an App Already

I spent a recent weekend looking at some real estate. It used to be a favourite way for me to spend time and I realized how much I really miss it. I was reminded of how 99% of real estate agents are completely useless. No, I mean not just incompetent

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Why the Singapore Dollar is Staring Into the Abyss

Singapore is regarded as the “safe haven” or Switzerland of Asia. While on the surface Singapore is the economy to which most others can only aspire to one day become, beneath the scenes is a very fragile economy highly dependent on the cost of capital staying low or at least

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From Rags to Riches in One Generation

My first experience with South Korea (or Korea) goes back to my university era when I, more by coincidence than anything else, ended up in a student exchange program there. It was during that time that I got my first insight into the country’s economic development, which could probably be

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A Conversation with Harris Kupperman – Part 1

For long time readers, Harris Kupperman (Kuppy) needs no introduction. For more recent readers Harris is a friend, fellow cynic, hedge fund manager and CEO of Mongolia Growth Group (Ticker: YAK.V). Someone crazy enough (we are very grateful) to move from sunny Florida to Ulanbaatar in order to take advantage

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Mongolia Growth Group – Cash Flow Positive

It’s been a while since we’ve updated our readers as to what Harris Kupperman, CEO of Mongolia Growth Group, has been up to. If you are a new reader to our site then we humbly suggest you go and read “A Mongolian Capitalist – Part I”, and “A Mongolian Capitalist

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Front-Running Liquidity – A Terrific Investment Strategy

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

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Leverage – Why Here, Why Now?

Leverage – It brought down, LTCM, Lehman and recently MF Global. It will probably bring down Deutsche and Credit Anstalt before the final episode of the European sitcom, “We’re all family right?” is released to viewers around the world, likely to the Dire Straits tune Brothers in arms. The flip side

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Popular Currencies: What Benchmark are You Using?

Roughly 7 years ago I moved to NZ. The local currency was one of the cheapest on the planet and possibly the cheapest currency of any first world country in terms of purchasing power parity. It traded around 40 cents to the greenback. Real estate had not gone anywhere in

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