“One member is a sharp, contrarian hedge fund manager. He gave a brief presentation on why Greek stocks are a tremendous bargain right now, despite almost every other world market being overpriced near their all-time highs.  Another friend of mine who is a real estate mogul said that much of the price rise we’re seeing in US housing is due to a wave of hedge funds that are buying vacant properties.  He said he expects most of these hedge funds will liquidate within 18-24 months, flooding the market with homes and driving prices back down.  When it came my turn to make some remarks, I told the group three things I’ve learned in my recent travels.”

http://www.sovereignman.com/expat/three-key-lessons-from-recent-travels-around-the-world-11973/

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