Around the World...

November 26, 2009

"We’ve spent two weeks traveling almost 20,000 miles and visiting three cities: Tokyo, Hanoi & Singapore. Meetings included quality time spent with central bankers, investors, pension fund managers, academics, commercial bankers, and others. It has been a whirlwind and well worth the fatigue.

We will summarize the observations with some key points.

Our trip confirms that the Asian emerging-market story is real and is likely to accelerate..."

It is all too rare that managers actually travel the world in order to get first hand knowledge. It is also rare for managers to get access to the right people. It is all too often that managers accept second hand information as gospel. Clearly in today's central bank (IE Government) driven economy, managers recognize the potential impact of government intervention as it relates to company fundamentals.

You need to ask your manager: "Where have you been lately and who did you talk to?"