Wednesday, June 22, 2016

Asia could take top spot for financial services industry

They [Asian finance industry workers] are more energetic, ambitious, and they don’t have a few hundred years of being Swiss bankers behind them so they have to work harder in places like Hong Kong and Singapore.

Tuesday, June 14, 2016

OPEC is more politics than action

OPEC has always been political and usually they do not really do what they say. You had many announcements from OPEC and then the people go home and do what they want, whatever is good for their own country. You certainly have more and more disagreements now because what is good for Iran is not necessarily good for Saudi Arabia and they are rivals anyway. But then you have Nigeria whose production is down by nearly half because of their own internal military problems.

Thursday, June 2, 2016

Change is just part of our everyday life and we must adapt

My timing is hopeless. Eventually I get enough confidence. I decided to start buying Russia and, lo and behold, came the Ukraine. It didn't occur to me that America was going to try to throw its weight around and try to overthrow the Ukrainian government. I should have done more homework and been more aware. When things change you need to change with it, you need to reexamine and see if you were wrong in the first place. The market constantly makes me reexamine.

Jim Rogers

Warren Buffett

Nouriel Roubini