Following his first motorbike road trip around the world in 1990-92, he embarked on his second road trip in 1999-2001. This time he was on a custom-made Mercedes with his current wife. Unlike the former book, “Investment Biker”, he shed fewer insights on investment philosophy in his second adventure book, “Adventure Capitalist”. Instead, he made more evaluation and analysis of countries and their economies, and how they may perform in the future. As usual, I will only extract the everlasting investment principles that I discovered in the book, “Adventure Capitalist”.
“Successful investing means getting in early, when things are cheap, when everything is distressed, when everyone is demoralized… To make a killing, you really need to get in during a time of despair.”
“In most places around the world, the currency is like a thermometer. It may not tell you what is going on, ......