Investment Update – Oct 2019
After a hiatus since April I’m overdue for an update. There are a couple of things to talk about. I’ve made a couple of mistakes, but on the plus side I have solved several problems and performance has been good – really good. Previously in my quarterly investment updates there were two recurring issues. Position …
Brasilian Hotels, Airbnb, And Other Thoughts
I recently spent three weeks in Brazil, my second trip in three years. It is a great country, and I have some general thoughts on it below. However, one thing that really stood out to me this time was the burgeoning supply of Airbnb apartments. The last time I travelled was in the July prior …
