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September 6, 2010

Mongolia Part II (Company Visits)


Over the last decade of investing I’ve literally visited hundreds of companies. You never really know what you’re going to see, but there is a standard pattern to these visits. Usually it starts with some pleasantries followed by a pile of marketing materials being tossed at you. You go through the pitch book followed by a few questions. The CEO often has his CFO ... Read More
Categories: Travels
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September 1, 2010

Mongolia Part I (An Overview)


When I was younger, if I wanted to go someplace, my mother would complain that it was in Outer Mongolia. In reality, it was a 30 minute drive, but the point still survived—it was far away. Well mom, if you’re reading this, I am ACTUALLY in Outer Mongolia. You were right—it’s a long way from Long Island—25 hours by plane to Beijing and another ... Read More
Categories: Travels
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August 22, 2010

Riding The Trans-Siberian Railroad


I’m writing from the Trans-Siberian Railroad somewhere in southern Mongolia. I left Beijing a day ago and still have more than half a day on the train before arriving in Ulaanbaatar, Mongolia’s capital. I could have saved 30-something hours by flying, but I’m here to learn more about Asia. You cannot see anything from the air. I’ve actually seen a lot in the past ... Read More
Categories: Travels
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August 19, 2010

Challenge Your Perceptions


I’m staring out my hotel window at yet another beautiful sunny day in Beijing—or at least I think it’s sunny. Actually, I cannot see the sun through the all the pollution. I can barely even see the street below from the 27th floor of my hotel room. Visibility is only a few hundred feet, and most people swear that this is a good air quality ... Read More
Categories: Travels
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May 26, 2010

Coober Pedy


I’m at a truck stop in Coober Pedy eating my second spaghetti on toast in less than a week. I thought I had sworn off canned spaghetti at age 8, but the alternative is overcooked mystery meat of a questionable vintage. The outback is slowly making sense to me. Practicality trumps most other impulses. As I get ready for the drive to Uluru, I ... Read More
Categories: Travels
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April 12, 2010

No Investment Is Worth Dying For….


I’m always in search of the next great investment idea. I’m always trawling through unloved sectors that have hit rock bottom and should be due for a turn higher. You never know when you can find an opportunity. Baron Rothschild’s oft repeated remark about buying when there’s “blood in the streets” sure has stuck in my mind. In November of 2007, I literally went ... Read More
Categories: Travels
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