Rowing
Study at Yale and Oxford
Curious about the world
Louis Pasteur: Luck favors only the mind that is prepared.
Short
Work with George Soros at Quantum fund
Know when to Sit and wait
Revisit diversification; safe but not rich
You should be as careful as you would be if you had only twenty-five investments to make over the course of your life.
Retired at 37
Motorcycle world tour for 22months : book [ investment biker]
3year millennium adventure with convertible Mercedes: book [ adventure capitalist]
Gold, oil- 70s, bull
90s, bear market in raw material
Start Rogers International Commodity Index(RICI) 1998, as 2012, return 281%, S&P 62%
8. The largest debtor nation in history
Alan Greenspan; federal reserve chairman 1987-
Flooding world with dollars -> dotcome bubble, house bubble,
Ben Bernanke;2002-> global financial collapse of 2008
Hank Paulson; secretary of the Treasury at 2008; rescue the banks with $700 billion for bailout, (he was ex ceo of Goldman Sachs), keep the $700 mil pension of Goldman intact
9. Capitalism without bankruptcy is like Christianity without hell
10. Journey to the east
Move to Singapore
Invest in China, Myanmar, North Korea
Account in Swiss, franc ;
15. The sun is rising in the East
The Chinese are going around the globe and buying up all sorts of productive assets, oil fields, plantations, mines because there is a shortage of raw materials.
16. Creative destruction
The world economy is a system of creative destruction. The new rises and replaces the old.
Two positive sign of America; agriculture and shale gas
But not even taken together do they lead to a recovery.
Change tax system, education, health care and litigation reform. Bring the troops home
