Globalization - George Soros

I should have read the summary of this book a bit more carefully. I was expecting to buy a book, written by a successful financier, about where the global economy is going. The plan was to get rich by moving our assets to where the future is. What I got was a book by philanthropist on how the global economy could be improved to the benefit of the disadvantaged on this planet. On second thoughts I'm glad I didn't carefully read the summary, because I wouldn't have bought the book if I had. I'm glad I read this book.

My knowledge of global financial instruments and how they work is quite limited. Even after reading the book I still don't really understand the exact mechanism of what Soros was proposing. But his basic point was the World Trade Organization is a very successful organization facilitating free trade around the plan. While its not perfect, its worked to the benefit of most everybody. However, the world needs other market driven, transparent global organizations to facilitate the effective provision of things like poverty relief, environmental protection, human rights etc.

Soros believes that a global market for these "public goods" is the best way to distribute them efficiently. In other words if money allocated for poverty relief could be bid on in a market such that it would end up where it would do the most good the world would be a better place.

After reading this book I got to thinking that there could be worse things in this world than working for the good of the disadvantaged masses. If you could work in an organization that was effective it would be very rewarding I think.

Comments

Tochigi Living/Investments

Hello David,

I stumbled across your site while looking for an Onsen up in Oku-Kinugawa that we like. I saw your comment about George Soros' book. I haven't read it yet as I'm not that focused on stock/paper asset investments. My general 2 YEN worth to building wealth is to take a long-term perspective and invest in areas that you know or assets that you understand.

Environmental issues aside, oil and energy companies are a good place to grow your capital. Also, food and agriculture based companies (fertilizer for example) offer future needs that can be a good place to invest. Health care and senior housing in certain countries (Japan, Canada and the USA) can be profitable if you know what you're doing.

For us the most tried and proven way to create wealth regardless of (most) economic fluctuations is to own cash flowing revenue properties. If you invest correctly you can leverage your capital into a safe and steady producing hard asset. You get a profit from the beginning and can improve and build up the asset over time. Target the right market and focus on your goal, that will get you on the path to wealth.

If you pop in to Utsunomiya sometime, let's hook up for a coffee/ocha.

Kind regards,

Todd Millar

http://www.glennsimoninc.com/

Hi Todd, Thanks for visiting

Hi Todd,
Thanks for visiting our site. You'll have to forgive me for my slow response. Its always a big surprise when people post here so sometime I don't notice for a few days.

Yes, maybe we can get together and swap tales of onsens in the area. Okukinu is pretty nice I think. But there are so many great places here. I'd like to find out what good places you have been.

As for investments, its been a nasty time since I wrote that review. But I guess it all comes out in the wash. Good thing we weren't thinking of quitting and going and living on a tropical island somewhere. ;-) Such plans would have to be delayed.

cheers,
david