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July 16, 2015 Kunming, China “The first form of culture,” wrote historian Will Durant, “is agriculture.” And he was right. When human beings discovered 10,000 years ago that the soil would provide more food than they could possibly eat, this changed everything. For the first time ever, early humans could
July 15, 2015 Kunming, Yunnan province, China It’s here in southwestern China’s postcard-perfect Yunnan province that the mighty Mekong River rises. From its source in a nearby mountain range, the river proceeds south, cutting its way across Southeast Asia’s fertile lands through Burma, Laos, Thailand, Vietnam, and Cambodia. The Mekong
July 14, 2015 Yangon, Burma When I first came to Burma (Myanmar) several years ago, there was scarcely an ATM to be found anywhere. It was primitive. And frustrating. After all, most people coming from the West tend to think their banking system is robust and highly advanced. And that’s
July 13, 2015 Yangon, Burma Have you ever walked into a restaurant and seen a table full of people staring at their phones instead of talking to the real live human beings across from them? That used to never happen in Yangon… simply because no one had mobile phones. It
July 13, 2015 London, England [Editor’s note: This letter comes from Tim Price, London-based wealth manager and frequent Sovereign Man contributor.] “Nobody knows anything.” That was famed Hollywood producer William Goldman’s sardonic assessment of the movie business in his classic memoir ‘Adventures in the screen trade’. In finance, things are
July 10, 2015 Hong Kong Spontaneous combustion. Alien invasion. Zombie apocalypse. What do these have in common? Their likelihood is next to impossible. So why worry? This is how people tend to think about the financial system. Mentioning even the possibility, for example, that the US could default on its
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