Browsing All Posts published on »April, 2011«

Time is Money: A Personal Lesson

April 26, 2011

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US founding father Benjamin Franklin wrote that “time is money”, adding that “He that can earn ten shilhngs a day by his labour, and goes abroad or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only ex-pense ; he has […]

Thoughts on the Glencore IPO

April 18, 2011

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“Glencore is a leading integrated producer and marketer of commodities. The Company is active in every step of the supply chain in metals and minerals, energy and agricultural products. Glencore produces, sources, processes, refines, transports, stores, finances and supplies commodities used by the world’s industries.”  In the year-ending December 2010 the company earned net income of $3.8bn on […]

The Bizarre Nature of The Chinese Real Estate Construction Boom

April 11, 2011

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China, as we all know, is a booming economy, having experienced GDP growth of above 6% per annum for each of the last 20 years.  The conventional wisdom is that this growth has been driven by the low-value manufacturing exports (mainly of consumer goods) that have been sold to the West.  However, the data tells […]

Property Pain In Spain

April 6, 2011

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While spending the past weekend in the Costa del Sol holiday resort of Puerto Banús, I couldn’t help noticing many signs that the local economy still seems to be in the doldrums.  While there wasn’t any shortage of people drinking, eating and partying, many owners of big-ticket items appear to be struggling.  Puerto Banús is, […]