wisdom

http://timesofindia.indiatimes.com/business/india-business/Watsa-lines-up-1-billion-investment-for-India/articleshow/45253323.cms http://economictimes.indiatimes.com/news/company/corporate-trends/warren-buffet-of-canada-prem-watsa-to-invest-1-billion-in-india/articleshow/45253256.cms

http://www.marketwatch.com/story/china-triple-bubble-points-to-long-slide-for-commodities-2014-11-20?siteid=yhoof2

https://finance.yahoo.com/video/markets-39-living-borrowed-time-070000553.html Wilbur Ross

http://www.bloomberg.com/news/2014-11-16/yen-near-7-year-low-before-gdp-kiwi-rises-on-sales-data.html this could get the ball rolling. I see this as a sign of currency wars and potential deflation.

it should be available tomorrow for free.

https://finance.yahoo.com/news/u-s--dollar-will--get-a-lot-stronger-than-anyone-can-imagine-205439383.html https://finance.yahoo.com/news/inflation-vs--deflation---wait--you-re-both-right---says-john-mauldin-200902899.html JohnMauldin - 2 good interviews.

http://www.bloomberg.com/video/tilman-fertitta-real-estate-crash-like-1986-coming-j2rFvvu~Rbq87Gyv1G9Ryw.html Interesting - Landry

I do not think individuals can. Institutions maybe able buy if they invest via Mauritius - I could be wrong.

My guess is they need some new laws/reforms to be passed before this can be done the way they would like.

Could one of the reasons be that market has raised the probablity of a deflationary scenario playing out.

http://www.theglobeandmail.com/report-on-business/fairfaxs-prem-watsa-disconnect-between-markets-and-global-economy/article21400404/

Capitalism at work: http://www.ft.com/intl/cms/s/0/b2af94c6-5ff2-11e4-98e6-00144feabdc0.html?siteedition=intl#axzz3HeWCiZAM

There is an opportunity to ask Francis Chou questions on Gurufocus for those interested.

A good read: http://www.tocqueville.com/insights/letter-chinese-little-emperor

congrats!!!

He has 15% cash

Africa is supposed to be the centre for future population growth. 4 B from the current 1 B people.

http://www.bloomberg.com/news/2014-09-17/hong-kong-developers-raise-cash-to-buy-land-real-estate.html Billionaires in HK have cut debt and are ready with cash to pick up cheaper RE. This is the only city more expensive than Vancouver.

Will the QEs by ECB, Japan and China be enough to counter the US shutting down it's QE and eventually raising rates? If Fairfax is going to make money on it's bet on deflation - the next couple of years are going to be interesting. Deflation in Japan showed up 5 years after the initial bust.

DJCO notes http://www.gurufocus.com/news/278773/notes-from-charlie-mungers-djco-2014-shareholder-meeting

http://www.bloomberg.com/news/2014-09-10/munger-likens-auditor-to-doctor-prodding-groin-to-treat-nose.html

http://www.businessweek.com/articles/2014-09-10/is-china-another-japan-in-the-making?campaign_id=yhoo In line with Watsa's call on China.

Check out what happened to real estate in Dubai in 2008/20009. That is the problem with hot money.

Vancouver is a smaller city compared to Toronto - 2.5 mil v 6+ mil. An average commute here would be just north of 30 min whereas in Toronto it tends to be more like an hour. Abbotsford is not included in Metro Vancouver and the transit system will offer you no connectivity. It would take you 1 hour and 15 mins to get into Vancouver from there by car.

Oddball - that is family income not per person.