Quote: (07-12-2013 09:25 AM)Eastbound Wrote:
Icarus: The Western U.S was a frontier not so long ago. Very little government, lawlessness was rampant,high murder rate, etc...Many people did very well for themselves.
And many people ended up six feet under at a tender age, too.
Shall we take a look at this September 2010 list of frontier markets [pdf] compiled by the FTSE? It includes both Estonia and Nigeria!!! Estonia is almost Scandinavia, and Nigeria is a 3rd world shithole.
Some people have done well in emerging markets by trying to replicate what worked in the U.S. in other countries. Does Russia have anything resembling Amazon.com? Can people buy cosmetics or pharmaceuticals online in Brazil? E-commerce is old news in the U.S., but there are still opportunities in some parts of the world. An interesting example is Pavel Durov, the founder of VKontakte, who became a millionaire by copying Facebook.
Quote: (07-12-2013 09:25 AM)Eastbound Wrote:
High profits rarely exist in a low risk environment. Investing is all fine and dandy if you have money to invest, I don't.
If you don't have money to invest, how do you plan on becoming an entrepreneur? You need at least $10,000, and that is the minimum investment at some hedge funds.
"The great secret of happiness in love is to be glad that the other fellow married her." – H.L. Mencken