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Tuesday, October 5, 2010

Asian Initiative

There is something called the Khlong Saen Saep Express Boat  on the Khlong Saen Saep in bangkok which in effect is nothing more than a sewer.But due do Thai initiative its been transformed into a transportation system by boat that takes you to the heart of Bangkok in 20 minutes versus almost an hour and half by car.The day,night,floating markets have transformed it into centre of cloth manufacturing and I found better cotton there than in India,supposedly the manufacturer of the best quality cotton.

It is but a singular example of how commerce has taken root in what was once a mere village two decades ago.The Thai markets need a closer look and I feel the vibes that come from being friends with the Chinese,Taiwanese as well as the Myanmarese(Burma) which is a market thatz has close to five billion consumers!India is trading at 19X PE and that makes me uncomfortable.Russia is too complex,Hongkong too unpredictable,a slightly less volatile situation should see the Thai markets give alpha returns.

P.S.Tried to meet Mr Marc Faber but apparently he was not in residence.