Frontier Market Investing

I was recently in Myanmar (Burma) and what I saw completely blew me away.

My family came to India from Burma in 1959 when the military under General Ne Win nationalized all foreign businesses in Burma. A part of my extended family stayed behind in Burma and endured the oppression of successive military governments over the last 50 years. I had met one of my distant uncle's in India several months ago and he had invited me to visit him in Burma to take a look at the environment and opportunities there. After much procrastinantion and reluctance, I finally planned a trip and paid him a visit a few weeks ago. More...

Size Of Opportunity Matters

Indian infrastructure company GVK Power & Infra recently received approval from the Australian government for a USD 10 billion investment in a coal block in Northern Queensland. Earlier this year Vale of Brazil launched its first megaship, called Valemax , with the capacity to carry 350,000 tonnes of iron ore to China.

There is such a thing as too big or too much for a market and almost every market has that threshold. As small participants in large and liquid global financial markets we often tend to forget this fact. More...

Educating India

India's recent power blackouts have exposed the state of rot in India's power sector. It seems that the Indian government cannot deliver anything to its citizens, neither in quantity nor in quality.

When economists and demographers look at India's demographics and the bulge in its population under the age of 25, they visualize horror scenarios of an uneducated and unemployed population causing a demographic nightmare for the country. Their fears stem from the inability of Indian governments both at the federal and state level to deliver even basic primary education, both in quantity and in quality, to its population. Their linear extrapolations result in dismal outcomes. All hope seems lost. More...