A British Entrepreneur in America

Welsh Wizard

So Joe Calzaghe did it! Beating Roy Jones Jr last night was an amazing victory for Joe – coming off the floor in the first round to produce a totally convincing points win, having cut Roy badly during the latter part of the fight.

I was at the famous South Fork Ranch, here in Dallas last night for a Dallas cast reunion.  Seeing the cast was amazing , as I was glued to each episode when living in the UK and still watch the DVD series today. Great entrepreneurial and business education!

Funnily enough, I got talking to some people about the boxing and the usual negative Calzaghe comments come out about how he only fights washed up fighters etc – I asked them if they boxed themselves and was not surprised to hear the answer 'no' and then tried to explain to them that any fighter has the capability to inflict serious damage to another with just one punch.  Roy Jones Jr was and still is, in my opinion and incredible fighter and although he is not going to be as fast as he was in his prime, nobody would want to be on the business end of any of his punches.  You have to respect anybody who steps into the ring and I don't care who it is, there is always a chance for either fighter to win.  Watching Roy last night showed me he was far from 'washed up' and gave a strong performance right to the end, but it was Joe who won through and it was totally deserved. Whether Joe will retire is now the question – certainly, he has nothing more to prove…but…like every fighter, it's in his blood!

So another good night for Wales and all that needs to be done now is to get the Rugby team ready for the Grand Slam and do it all again!!

~Neil

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The Return

I'm back again after the long absence and I'm writing this with two of the most important events in our current economic climate – the USA election and the looming fight with Welsh boxer Joe Calzaghe and Roy Jones JR.

I'll deal with the boxing first as it is the easiest and although I have the greatest respect for Roy, I simply have to root for Welsh superstar Calzaghe, who I tip to win this fight on Saturday and then perhaps Joe can retire as an undefeated legend of the ring.

Now to more concerning events, I believe we are about to embark on one of the worlds most serious financial crisis in history – one that will dwarf the great depression of 1929 and although we have seen the signs over recent weeks, I believe the imminent USA election is placing events on hold, after which we will see an out of control downward spiral, that no President is going to be able to pull out of easily.

The reason for this is the loose money policy of extending huge amounts of credit, hyper competition and the change from a deflationary to an inflationary environment.   A good example is the UK housing market, which following a deep recession in 1991, was rebuilt by the willingness of Banks to lend to almost anyone, who followed the dream of becoming a property millionaire.  Now many did of course and those were the ones with the foresight to anticipate the right time to sell out, in a growing market and with the aim of leaving something for the next person.  When you look at this period, you must realize that the economic conditions were looking good, with a rising stock market and a euphoric view overall.

Wise investors and certainly the people over at Full Circle Asset Management (my own advisers), were predicting the economic conditions that we are witnessing today and they were so far ahead of their time, that nobody listened!  They were actually seeing a Bear Market in the mid to late 1990's and the emergence of a Bull Commodities market and how right they were!  Today, people are queuing up for their advice!

Anyway we all need to prepare and to prepare, we must be aware and that means opening our minds and taking tough action when needed.

 

~Neil 

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