Blogging – taking a break while visiting Texas

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I will be traveling to Texas later today to, among others, attend John Mauldin’s 60th birthday celebrations in Dallas over the weekend. This should be quite a party, especially as a number of acquaintances from the financial fraternity will also be in attendance.

Trust John to seize the opportunity between “knees-up” celebrations also to gather us for a round-table discussion about the lie of the financial land. It should be fun to debate first-hand the topics of the day with some of the investment leading lights.

The downside is that blog posting will be absent for most of the time while I am on the road and “Words from the Wise” will take a break next Sunday (October 4). The normal blogging service will be resumed on my return to Cape Town on October 6.

However, I will be “tweeting” regularly throughout my trip. You will find a Twitter feed in the sidebar of the Investment Postcards site where I post short comments (maximum 140 characters) on topical market issues, and also on my personal whereabouts. You can also “follow me” direct on Twitter by clicking here.

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Let’s meet up – in Slovenia

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I will be in Slovenia next week as I am taking a group of South African business people on a fact-finding mission to this uber-beautiful country. I am leading the delegation in my capacity as Honorary Consul of Slovenia for South Africa. (Click here for the Consulate’s website, including photographs of some of the most beautiful spots in the world.)

If you happen to be in Ljubljana on Monday, September 7, let’s get together at a special day the Slovenian Chamber of Commerce and JAPTI have organized to facilitate interaction between our delegation and Slovenian business people. Numbers are filling up quickly, so please let me know as soon as possible if you are interested in joining us. You can reach me via the “Contact” button in the top-right hand corner of the Investment Postcards site.

Blog posting will be slow (and totally absent on some days) while I am on the road and “Words from the Wise” will take a break for the next two Sundays (September 6 and 13). The normal blogging service will be resumed on my return to Cape Town on September 14.

However, I will be “tweeting” regularly throughout my trip. A Twitter feed has been added to the sidebar of Investment Postcards where I post short comments (maximum 140 characters) on topical market issues, and also on my personal whereabouts. You can also “follow me” direct on Twitter by clicking here.

For those not familiar with Slovenia, the country has been dubbed many things – “Europe in Miniature”, “The Sunny Side of the Alps”, “The Green Piece of Europe” – and they’re all true. It is a compact country, around half the size of Switzerland, and is situated between Austria (280 km from Salzburg and 370 km from Vienna), Croatia (135 km from Zagreb), Hungary (440 km from Budapest) and Italy (220 km from Venice and 470 km from Milan), in the very centre of Europe.

Although it is a small country of only 20 273 km2, it is very diverse with areas of outstanding natural beauty ranging from rugged Alpine mountains to tranquil lakes to fairytale forests to valleys with lush vineyards and even a stretch of beautiful coastline on the Adriatic. The country’s “wooded” area amounts to 63% of the total, making it a clear leader in this category among all European countries (even beating Sweden).

Add a historic capital like Ljubljana with unsurpassed architecture, museums and numerous cafés along the river banks and you have a cross-section of Europe indeed. Moreover, all this can be experienced in a single day – after all, it only takes three to four hours to drive across the entire country.

slovenia

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Paradise in Heidi’s country

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A number of readers have asked me where I was travelling at the moment. The first week of my European rendezvous was spent in fairly-tale Slovenia (click here for a short description), from where I travelled to Veysonnaz, a small, idyllic mountain village, in the canton of Valais – the sunniest region of Switzerland.

Veysonnaz, with only 470 inhabitants, is 1 hour 45 minutes from Geneva and 15 minutes from Sion, the capital of the canton Valais and the oldest town in Switzerland. Located at the crossroads of several valleys, the village is blessed with exceptional panoramic views of the Swiss Alps and Rhône Valley. Veysonnaz, situated at an altitude of 1 400 m, is one of the four links (together with Verbier, Nendaz and Thyon 2000) of the Four Valleys ski area, the largest in Switzerland with 400 km of slopes.

The key words relating to this typical Alpine setting are tranquillity and serenity – the perfect setting for letting one’s creative juices flow and thinking up new business ideas. In a few months’ time it will also be the location where I will put pen to paper to write a book sharing what I have learned in the investment markets in a career spanning more than 26 years.

The only negative is that despite having criss-crossed the region, I have yet to find the elusive Swiss gnomes to glean what they make of financial markets at this juncture. Oh well, not even Veysonnaz is perfect …

I have posted a few pictures below to give you a feel for my surroundings over the next few days. (Some pictures also show what it looks like in the winter season.)

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Gone A.W.O.L – to Slovenia and Switzerland

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awol-pic1

I will find myself in Slovenia and Switzerland over the next two weeks, taking a break and soaking up some Northern Hemisphere sun with my wife Isabel and two kids, Monique (10 years) and Jean (8 years).

Blog posting will be slow (and totally absent on some days) while I am on the road and “Words” from the Wise” will take a break for the next two Sundays (June 28 and July 5). The normal blogging service will be resumed on my return to Cape Town on July 11.

However, I will be “tweeting” regularly throughout my trip. For those not familiar with the concept, a Twitter feed has been added to the sidebar of Investment Postcards where I post short comments (maximum 140 characters) on topical market issues, and also on my personal whereabouts. You can also “follow me” direct on Twitter by clicking here.

For those not familiar with Slovenia, the country has been dubbed many things – “Europe in Miniature”, “The Sunny Side of the Alps”, “The Green Piece of Europe” – and they’re all true. It is a compact country, around half the size of Switzerland, and is situated between Austria (280 km from Salzburg and 370 km from Vienna), Croatia (135 km from Zagreb), Hungary (440 km from Budapest) and Italy (220 km from Venice and 470 km from Milan), in the very centre of Europe.

Although it is a small country of only 20 273 km2, it is very diverse with areas of outstanding natural beauty ranging from rugged Alpine mountains to tranquil lakes to fairytale forests to valleys with lush vineyards and even a stretch of beautiful coastline on the Adriatic. The country’s “wooded” area amounts to 63% of the total, making it a clear leader in this category among all European countries (even beating Sweden).

Add a historic capital like Ljubljana with unsurpassed architecture, museums and numerous cafes along the river banks and you indeed have a cross-section of Europe. Moreover, all this can be experienced in a single day – after all, it only takes three to four hours to drive across the entire country.

Now for braving 13 hours at airports and on airplanes flying from Cape Town to Johannesburg, then on to Frankfurt, and finally to Ljubljana. Meanwhile, I have posted a few pictures below to give you a feel for my surroundings over the next few days …

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Gone fishing – to Dana Point, CA

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gone-fishing-2.jpg

I will find myself in Dana Point, California over the next few days, attending a partners’ conference hosted by Rob Arnott’s Research Affiliates. (Our investment management company, Plexus Asset Management, has a licensing agreement with Research Affiliates for managing and distributing its enhanced Fundamental Index™ methodology in the Pan-African region.)

I am always thrilled about attending this event as it affords me the opportunity to meet with financial luminaries such as Peter Bernstein, Burton Malkiel, Harry Markowitz and Jack Treynor.

Posting will be slow while I am on the road and “Words” from the Wise” will take a break this coming Sunday (April 26). The normal blogging service will be resumed on my return to Cape Town by the middle of next week.

However, I will be “tweeting” regularly throughout my trip. You can also “follow me” directly on Twitter by clicking here.

Now for braving 34 hours at airports and on airplanes flying from Cape Town to Johannesburg, on to Washington via Dakar (for refuelling), and finally to San Diego. Wish me well for a grueling flight!

 

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I dare you to visit Johannesburg, the city for softies

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By Jeremy Clarkson

It’s the least frightening place on earth, yet everyone speaks of how many times they’ve been killed that day.

Every city needs a snappy one-word handle to pull in the tourists and the investors. So, when you think of Paris, you think of love; when you think of New York, you think of shopping; and when you think of London – despite the best efforts of new Labour to steer you in the direction of Darcus Howe – you think of beefeaters and Mrs Queen.

Rome has its architecture. Sydney has its bridge. Venice has its sewage and Johannesburg has its crime. Yup, Jo’burg – the subject of this morning’s missive – is where you go if you want to be carjacked, shot, stabbed, killed and eaten.

You could tell your mother you were going on a package holiday to Kabul, with a stopover in Haiti and Detroit, and she wouldn’t bat an eyelid. But tell her you’re going to Jo’burg and she’ll be absolutely convinced that you’ll come home with no wallet, no watch and no head.

Jo’burg has a fearsome global reputation for being utterly terrifying, a lawless Wild West frontier town paralysed by corruption and disease. But I’ve spent quite a bit of time there over the past three years and I can reveal that it’s all nonsense.

If crime is so bad then how come, the other day, the front-page lead in the city’s main newspaper concerned the theft of a computer from one of the local schools? I’m not joking.

The paper even ran a massive picture of the desk where the computer used to sit. It was the least interesting picture I’ve ever seen in a newspaper. But then it would be, because this was one of the least interesting crimes.

“Pah,” said the armed guard who’d been charged with escorting me each day from my hotel to the Coca-Cola dome where I was performing a stage version of Top Gear.

Quite why he was armed I have absolutely no idea, because all we passed was garden centres and shops selling tropical fish tanks. Now I’m sorry, but if it’s true that the streets are a war zone, and you run the risk of being shot every time you set foot outside your front door, then, yes, I can see you might risk a trip to the shops for some food. But a fish tank? An ornamental pot for your garden? It doesn’t ring true.

Look Jo’burg up on Wikipedia and it tells you it’s now one of the most violent cities in the world . . . but it adds in brackets “citation needed”. That’s like saying Gordon Brown is a two-eyed British genius (citation needed).

Honestly? Johannesburg is Milton Keynes with thunderstorms. You go out. You have a lovely ostrich. You drink some delicious wine and you walk back to your hotel, all warm and comfy. It’s the least frightening place on earth. So why does every single person there wrap themselves up in razor wire and fit their cars with flame-throwers and speak of how many times they’ve been killed that day? What are they trying to prove?

Next year South Africa will play host to the football World Cup. The opening and closing matches will be played in Jo’burg, and no one’s going to go if they think they will be stabbed.

The locals even seem to accept this, as at the new airport terminal only six passport booths have been set aside for non-South African residents.

At first it’s baffling. Why ruin the reputation of your city and risk the success of the footballing World Cup to fuel a story that plainly isn’t true? There is no litter and no graffiti. I’ve sauntered through Soweto on a number of occasions now, swinging a Nikon round my head, with no effect. You stand more chance of being mugged in Monte Carlo.

Time and again I was told I could buy an AK47 for 100 rand – about £7. But when I said, “Okay, let’s go and get one”, no one had the first idea where to start looking. And they were even more clueless when I asked about bullets.

As I bought yet another agreeable carved doll from yet another agreeable black person, I wanted to ring up those idiots who compile surveys of the best and worst places to live and say: “Why do you keep banging on about Vancouver, you idiots? Jo’burg’s way better.”

Instead, however, I sat down and tried to work out why the locals paint their city as the eighth circle of hell. And I think I have an answer. It’s because they want to save the lions in the Kruger National Park.

I promise I am not making this up. Every night, people in Mozambique pack up their possessions and set off on foot through the Kruger for a new life in the quiet, bougainvillea-lined streets of Jo’burg. And very often these poor unfortunate souls are eaten by the big cats.

That, you may imagine, is bad news for the families of those who’ve been devoured. But actually it’s even worse for Johnny Lion. You see, a great many people in Mozambique have Aids, and the fact is this: if you can catch HIV from someone’s blood or saliva during a bout of tender love-making, you can be assured you will catch it if you wolf the person down whole. Even if you are called Clarence and you have a mane.

At present, it’s estimated that there are 2,000 lions in the Kruger National Park and studies suggest 90% have feline Aids. Some vets suggest the epidemic was started by lions eating the lungs of diseased buffalos. But there are growing claims from experts in the field that, actually, refugees are the biggest problem.

That’s clearly the answer, then. Johannesburgians are telling the world they live in a shit-hole to save their lions. That’s the sort of people they are. And so, if you are thinking about going to the World Cup next year, don’t hesitate.

The exchange rate’s good, the food is superb, the weather’s lovely and, thanks to some serious economic self-sacrifice, Kruger is still full of animals. The word, then, I’d choose to describe Jo’burg is “tranquil”.

Source: Jeremy Clarkson, Times Online, March 1, 2009.

 

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