Shifting horizons

Much has happened since I last posted some of my thoughts on the ongoing Eurozone crisis three years ago. Although I do not follow the debate with the same level of vigour now than I once did, a few uncollated notes after the jump nonetheless. I notice that my political views have changed rather considerably over the past couple of years.

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Downside scenarios

The violence in the Ukraine leaves me with an incredibly numb feeling in my stomach. To some older folks it may appear like a flashback from the time when the Soviet Union disintegrated amid strife in Central Asia and the Caucasus. Yet this also seems like a slow-motion train crash people feared but never really thought possible. In this it reminded me of another event in the post-Soviet space.


Painted tanks near the Great Patriotic War Memorial, Kiev 

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As evident from the flurry of posts put up here over the last couple of days (buildings, Puerto Madero, Torre Dorego, Museo Xul Solar, Clorindo Testa and MAMBA/MACBA), my wife and I just got back from ten days in Buenos Aires (plus a short stopover in Lima on the way back). This was my second time in this fascinating city and country. Below some personal observations.


Veronica di Toro, Simetrica No. 16, 2009, on display at MACBA

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Global Frontiers Inc.

One of my favourite aspects of working in emerging market fund management was the frequent travel across the world for on-the-ground research. I would meet thoughtful people and return home with lateral insights, helping our team invest more profitably at less risk. A former business contact of mine set up a business that designs such trips for institutional investors. I joined him a few weeks back.

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Impact investing

Triggered by a visit to a recent meet up here in New York, I have been thinking about the impact investing industry. In one way or another, much of my finance career had something to do with it. The question now – is it the future and worth much more of my personal focus? I can’t help but being skeptical of the industry. Some pointers on why below the jump.


For lack of a better photo (?) – Kashgar cattle market, western China, 2004

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Japan back then and China now

To my surprise I have found myself following a rather economics-heavy debate on overinvestment in China recently. I’m interested because of my forthcoming e-book project. One of the chapters will be on Japan’s economic miracle. Apart from pondering investment to GDP ratios I was wondering: can we compare today’s China with post-war Japan?


House in Hangzhou, China

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