Recently by Simon Black: All Transactions To Be Conducted in the Presence of a Tax Dollector
Jim Rogers has famously commented that, if you were smart in the 18th century, you moved to France. If you were smart in the 19th century, you moved to England. If you were smart in the 20th century, you moved to the US. And if you’re smart in the 21st century, you move to Asia.
It’s an absolutely true statement. Each time I’m in Asia, I’m overwhelmed at not only the massive opportunity that abounds for productive, creative, intelligent people, but also what a huge difference there is in cultural sentiment.
From Singapore (where I just departed last night) to Vietnam to Mongolia to the Philippines, Asia is full of optimism and confidence, not doom and gloom.
Money is no object. I just cant find the right person.
The reason is simple. Asian economies are based on production and savings. Western economies are based on consumption and debt. The market is simply reshuffling wealth, capital, and opportunity appropriately.
What’s nice is that, like our ancestors before us who moved abroad in search of a better life, anyone can choose to take advantage of this trend.
For someone seeking employment, for example, Asia is full of prospects for both workers and professionals. English teachers are in incredibly high demand across the continent. Experienced professionals are routinely awarded with handsome executive compensation, raking in huge salaries from Abu Dhabi to Beijing.
Money is no object. I just cant find the right person.
I had dinner last night with a friend in Singapore who was telling me that he would gladly pay a $1 million salary to the right person to manage his successful business. As he told me, “Money is no object, I just can’t find the right person.”
