Making Time Your Enemy

I've always maintained that to be a successful investor, one has to make time a friend and not an enemy. There are innumerable potential opportunities in life where we know the eventual outcome but we don't know when the outcome will take place. Such situations are not risky but uncertain. More...

Transformational Impact Of The US Energy Boom

When the history of the twenty first century is written, one of the defining aspects that will be written about will be the invention/discovery of hydraulic fracking, horizontal drilling and the commercial exploitation of shale gas and shale oil.
It is unfortunate that the discovery of something so transformational has happened in the depths of the biggest economic and financial market slumps in a century. It is the nature of the present environment that prevents us from fully appreciating the impact of what has happened. More...

It Is All About The Soft Infrastructure

The period from 2007 to 2008 was unique in many ways. In the midst of a big increase in oil prices, food prices had started sky-rocketing. As the food versus fuel debate was raging, the world became concerned with its ability to produce enough food in the future.

While the Malthusian concerns were at their peak, African countries like Madagascar and Ethiopia opened up huge tracts of land in their countries to foreigners for farming. One of my contentions at the time was that land does not grow food, people do. More...