Interesting article written by DanielXX to the legendary Warren Buffett. By: DanielXX Dear Sir, It is too expensive to buy a dinner with you so I thought I'd write instead to highlight an investment proposition to you --- one that would bring you running like an oversexed teenager in a whorehouse. I am one of your fans, but unlike the countless others who profess their admiration for your investment philosophies and insights I am more a fan because of the enormous wealth that you possess, which makes you the first, second or third richest man in the world at various times, depending on Mr Market's daily evaluations of Microsoft's future and Mexico's potential. My investment proposition is true to my patriotic nature --- come to Singapore to explore the wonderful bargains available that will allow you to diversify out of the terrible sinking US dollar, which I understand is your prime objective now. You may know that you are not the first one; a former affliate of George Soros is here already, allegedly to teach his happy daughter Mandarin. This is not a cigar-butt proposition; it is not just a one-puff thing. This is a long-term story, and I happen to know that you absolutely love the long-term. A big ship takes time to turn, so it'll take you a while to switch out of your US assets into the secular rise of Asia --- with its domestic consumption and infrastructure buildup themes --- but you'll see the investment returns well before your breath wears out. And Singapore stands poised at the heart of the Asian story. It is increasingly mentioned in the same breath as the other Asian financial capitals: Hong Kong, Shanghai, Tokyo, Sydney. It is the logistics heart of Southeast Asia and the transhipment and transit hub of resurgent Asia. Ditto its refining hub; add to that its positioning along the entire value chain from research to services to alternative fuels to trading, plus the abundant resources from its neighbours and you have the makings of an Asian Houston in the future. You have a domestic reflation story, fuelled by government commitment to a rising population, new massive investments (two spanking new casinos) and a likely multi-decade remaking (together with associated investments) of the country towards services and away from manufacturing, and you have what you could call a country PE re-rating (upwards). Currently it is a developed country growing at developing country pace (5-7%). It might be volatile, but that's not a problem with you, I would imagine, you of the Mr Market and his crazy moods analogy. That's the fundamental story for you. Read more...