Try “Sovereign Wealth Fund”
Jose Ceralde
8 Nov 2007
Mr. Isidro Ramos,
Most of the educated millionaires have contrary views of your enlightenment “idol, Kobayashi” that most economist and business professionals had ignored him.
A lot of gullible persons who subscribed to multi-layer marketing though had made him a millionaire like you. He got you good that you explained the peso paradox in a simple posting of his book. It is more complex than that, although I am not a millionaire as an accountant we are paid on our opinion.
Foreign exchange is so volatile that it is only short term measurement of country’s standing. Savings is considered a leakage since it does not make any money as fast as other investment vehicles.
Your sound financial advisor will not tell you to save your money when the international market is giving you more in ROIs.
Like so many business majors before me, most of our professors were not rich either but they imparted more ways to learn the ways of the financial world that the PAID programs & seminars on TV.
When you get off the likes of Kobayashi, read up on Sovereign Wealth Fund which is considered the long term gauge of a country’s wealth.
Since the CIA did a lot of research on our subject for the US but you had not, I tend to read them among the dozen of books my friends had recommended.
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