1/ In 1960, both Jamacia and Singapore separated from the great British Empire.

Both island nations, both started with similar GDP, using common law & English as a primary language of business.
2/ At the time, Singapore was a mosquito-ridden swamp, complete under-developed, and where the heroin trade was the most dynamic (black) part of the economy.
3/ However, due to incredible foresight and vision are by one of the greatest leaders to ever live in the 20th century — Lee Kuan Yew — Singapore became one of the greatest, if not the greatest country in the world today.
4/ According to various metrics by the UN, OECD, World Bank, and many others, Singapore ranks as one of the top jurisdictions in the world in:

• GDP per capita
• health care
• eduction
• ease of doing business
• low corruption
• infrastructure
• green/clean energy
• etc
5/ The success of this country comes down to a fantastic set of ideas, built on strength in leadership that many countries — even some of the biggest & strongest in the world — are clearly lacking today. As the timeless saying goes:

"...strong leaders create good times"
6/ Ohhh...

By the way, if you're wondering how the story ends?

No spoiler alerts here.

Singapore obviously became one of the greatest success stories in the post-World War 2 era.

#leadership

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More from @TihoBrkan

28 Oct
This one of the more important concepts to understand for asset allocators.

How to prepares one's mindset & psychology if years & years of poor returns are ahead for most asset classes?
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Various property markets have clear positives & negatives.

Let us compare the advantages and disadvantages of different property markets & strategies used by investors around the world to build wealth.

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Most US investors don't talk about selling, like Nick mentioned. Quite the opposite.

Instead, they all talk about "holding forever."

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If executed correctly, this is a fantastic wealth-building strategy — but there is a big emphasis on IF.
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1a) if this isn’t attractive, 90% of the time you’re not going to bother with deeper analysis

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Here are some interesting pics. Image
Haven't seen our other previous projects?

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A friend from Vietnam calls, she is a successful real estate agent.

I used to live in Saigon 5 years ago. She asks how I am? How is everything going during the Covid crisis?

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She knows I’d rather buy distressed and force appreciate them. So she asks me if there are now many opportunities there?
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Not a lot of opportunities in Australia that one would normally think would come during a recession anyway.

She asks me why not, obviously completely confused at this point.

I said:

Situation in Australia did not get scary like in 2008.
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5 Oct
A lot of success that occurs in life can be attributed to timing — being at the right place and at the right time.

An acquittance of mine told me a story the other about how his father was very successful in real estate until the 2008 GFC came alone.

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