June 19, 2013 12:00 PM
What if the Central Bankers have it all wrong? What if low rates are actually the problem, not the solution? We all know and basically accept that low rates thwart the creative, destructive process of capitalism, where inefficient companies go bankrupt and remove competition from the marketplace so that stronger companies can thrive. If you can forever refinance and reduce your interest cost, it’s pretty hard to go bankrupt. But what do low rates mean to investors?
Bernanke has repeatedly b... more
June 3, 2013 11:46 AM
Following a number of requests, I have attached my presentation from the Las Vegas Value Investor Congress.
Please remember that I am the Chairman and CEO of Mongolia Growth Group and this is clearly not a recommendation to do anything regarding the shares.
May 15, 2013 4:00 PM
“It took Zimbabwe twenty-five years to destroy their currency. With Japan’s spirit of innovation, I believe that we can destroy ours in less than five years!!”
Mind you, I don’t speak Japanese, but last month, as I watched some remarks from the new head of the Japanese Central Bank, and I could have sworn that I actually understood Japanese for a brief moment. Then, I waited a few seconds and the speaking points passed over my Bloomberg. You know what? I might as well speak Japanese, becaus... more
May 7, 2013 9:32 AM
I’m in Las Vegas for the Value Investor’s Congress where I am presenting today (wish me luck). After a few dozen trips to Vegas over the years, I have to admit that the bright lights, gaudy furnishings and generalized circus atmosphere leave me somewhat numb. Vegas just isn’t “my sort of place.” That doesn’t mean that I cannot be stimulated in other ways. It all starts with the question that I ask myself every time I come here—what is the marginal return on capital of the lake at the Bellagi... more
April 29, 2013 11:59 AM
As many of you know, I now live in Mongolia and am focused on building Mongolia Growth Group Ltd. (YAK:Canada or 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 will host a corporate update presentation and reception for shareholders and interested investors on May 9, 2013 at New York's Hotel Pennsylvania, from 5:30-7:30PM. If you would like to attend this presentation, please contact Genevieve Walkden at in... more