South Korea: Tourism Is Going To Be Great

There's no stock market in North Korea, no market in the traditional sense but I'm very excited about the future of the Korean Peninsula. They don't have anything. Communism destroys everything. They don't have electricity, they don't have suits, they don't have chairs... 

Tourism is going to be great. Korea has not been on the tourist map. If people are sitting around in Europe thinking about where am I gonna go in Asia, I think of Japan, China, Bali, they don't think of Korea for historic reasons. But now people are going to start thinking about going to Korea.

Related ticker: iShares MSCI South Korea Index Fund ETF (EWY), Korean Air Lines Co Ltd (KRX:003490)

You're Gonna Be Successful In Your Own Madness!

You're not gonna be successful doing what your parents or your teachers or your friends tell you to. You're gonna be successful in your own madness. That's how people become successful. They do something they love, they don't listen to other people.

Electric Car Revolution: Lithium and Cobalt

Q: Let's back to the future now because we're in the middle of this electric car revolution that's creating a major shift in demand and supply in commodities for things like Lithium and Cobalt. So, is that kind of thematic investment that you're looking at and how is the best way to play it?

A: Well, yes the problem with those two that you mentioned are that there's no public market. You know, there's plenty of futures in Zinc and Copper but there's not futures in Lithium and Cobalt. So you have to be in the mines or buy the stuff itself which is not so easy for most people, including me. I had an interest in a company which had lithium mines but at the moment I have nothing.

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates"
"The Coming Recession Will Be Bearish For Bonds"

My Process For Investing In Commodities

I'm more bullish on commodities than I am on American stocks for instance. So, the answer is overall yes but would I rush in and buy Zinc today? No, of course not! It's up 20 percent since August as you pointed out. What I like to do is find the commodities that are down the most and start looking there rather than ones are up the most.

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates" 

"The Coming Recession Will Be Bearish For Bonds"

Video: Cannabis Investing, China & Gold

"The cannabis market is going to get bigger and bigger." - Jim Rogers

Other topics covered: North Korea, Unified Korea, China, Gold;

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 
Ray Dalio - Principle 1.1: Be A Hyperrealist 
Ray Dalio - Principle 1.1A: A Successful Life 
Ray Dalio - Principle Of The Day: Embrace Reality 
Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates"
"The Coming Recession Will Be Bearish For Bonds"

Korea Will Be The Most Exciting Country In The World

Soon Korea will be the most exciting country in the world. More exciting than China, more exciting than the United Kingdom, more exciting than any country you can think of. 

They have lots of cheap, disciplined labor in the North, they have lots of natural resources in the north, they are right on the Chinese border. You put it together with South Korean capital, South Korean expertise, South Korea market size... It's going to be a country of 80 million people on the Chinese border with cheap labor and lots of natural resources.

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 

Ray Dalio - Principle 1.1: Be A Hyperrealist 

Ray Dalio - Principle 1.1A: A Successful Life 

Ray Dalio - Principle Of The Day: Embrace Reality 

Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality

Further reading:

"Stock Market: The Trump Put" 

"The Real Reason Why The Fed Cannot Raise Rates" 

"The Coming Recession Will Be Bearish For Bonds"

Investing: Finding Cheap & Positive Change

If you can find very cheap and positive change you're probably going to be successful. So there's positive change taking place in North Korea.

Interesting Reading:

Ray Dalio - What It Means to Be Principled and Why You Need to Do It 
Ray Dalio - Principle 1.1: Be A Hyperrealist 
Ray Dalio - Principle 1.1A: A Successful Life 
Ray Dalio - Principle Of The Day: Embrace Reality 
Ray Dalio - Principle 1.2: An Accurate Understanding Of Reality