March 19, 2014 11:58 PM
As many of you know, I spend a good deal of my time in Mongolia focused on building Mongolia Growth Group Ltd. (YAK: Canada & MNGGF: USA). As it is a public company, I have always felt that this website was not the appropriate venue to discuss the company.
I am very pleased to announce that MGG recently hired Paul Byrne as CEO and over the next few weeks, Paul and I will be hosting a series of corporate update presentations to discuss the company's progress over the past year and allow ... more
March 16, 2014 8:57 PM
I had been planning to write a piece on the Ukraine (with its revolution and all), but then I saw the following article on “Truth & Beauty […And Russian Finance].” I cannot equal this piece, so I will not try.
For that matter, few websites have been more uniquely adept at demystifying Russia, while remaining prescient in calling investable global macro trends. I very highly recommend that you add Truth & Beauty to your blog-roll and then remain patient as this site will make my leis... more
February 13, 2014 6:51 PM
Let’s say that Cuba’s socialist utopia doesn’t quite appeal to you—shocking right? How do you escape? Well, actually, it’s a simple process. You need to start by scavenging for materials, building a floating contraption of some sort, piling your worldly possessions into that contrivance and setting out for Florida. Along the way, you must evade the Cuban Coast Guard, who will imprison you for trying to escape and the American Coast Guard who may alternatively; turn you over to the Cubans, ... more
January 21, 2014 4:42 AM
If the secret to economic prosperity was the erection of Che Guevara murals, Cuba would be the wealthiest nation on Earth. Unfortunately, revolutions are meant as transitions between an inferior form of government, and one that is supposed to be better. Revolution itself isn’t a form of government and socialist sloganeering only takes you so far. In the end, you need to produce things that people need. As one Cuban pointed out, Cuba produces cigars, sugar and more Cubans. That isn’t exactl... more
January 11, 2014 4:12 PM
Cathedral restored for the tourists.
Renaissance era philosophers wandering the ruins of the Roman Empire wondered: What sort of super-humans could have built these structures? What sort of knowledge did they possess that was no longer available? Why did they let it all slip away? The Europeans simply could not comprehend how it could have been lost until Gibbon tried to explain it two centuries later.
As I wandered Cuba, I had the same feeling; who were these people and how was it all l... more