On the Silk Road to Riches Discovering Wealth in a Changing
Y. Mostrous

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There are 6.3 billion people living on this planet and half of them are in Asia. The authors support the idea that the demographic, cultural, social, and economic forces in that part of the world will position Asia as the most important driver of global economic growth. There is a tectonic shift taking place and farsighted open-minded investors will be the ones to benefit the most. To succeed in today's markets, you must think globally. Farsighted investors will realize enormous profits by investing in companies that benefit from Asia's historic economic transformation. The authors offer specific, actionable investment advise on many companies and also go into specific details on countries in the region and point out why investors should prefer one over the other. The book offers powerful support for several provocative claims: that India, not China, is Asia's best investment destination; that the price of gold is poised to explode; and much more. The authors illuminate global economic changes that are likely to decide the ultimate fate of the US dollar as the world's reserve currency; and present an insightful, up-to-the-minute overview of the crucial security issues every investor must understand, regardless of where they invest.Asia is now the world's #1 growth story. Farsighted investors will realize enormous profits by investing in companies that benefit from Asia's historic transformation. In The Silk Road to Riches, a team of world-class financial analysts and newsletter editors point you to the right companies, the right sectors, and the right strategies. You'll learn how to leverage Asia's accelerating integration into the world economy... profit from the pressure that Asia's growth is placing on commodities and resources... anticipate changing needs of Asian consumers in financial services, health and pharmaceuticals, communications, and many other industries. The authors offer powerful support for several provocative claims: that India, not China, is Asia's best investment destination; that the price of gold is poised to explode; and much more. They illuminate global economic changes that will decide the fate of the U.S. dollar as the world's reserve currency; and present an up-to-the-minute overview of crucial global security issues every investor must understand, no matter where they invest. CONTENTS AcknowledgmentsAbout the AuthorsForewordIntroductionPart I: It Is All About thePeople 1: A New Middle Class Looking Back One Trick Pony Time Is on Their Side One Last Time Endnotes 2: Asia's Path to Prosperity Coming of Age Outsourcing and Offshoring A Changing World Integration into the Global Economy Lessons Learned Endnotes 3: The Great Comparison India: A Powerful Force Problems Abound Democracy and Growth China: Waking Up Solving Problems The Time Factor Endnotes Part II: RiskyBusiness 4: Power Games Ambiguous Relationships The Dragon and the Eagle Endnotes 5: Straws in the Wind How Long Is the Long Run? Unsustainable Macroeconomic Imbalances Bubble All the Way Endnotes 6: The Lost Guarantee The Paper Standard Gold Bullion Versus Gold Stocks The Broad Diversification Approach The Stocks Endnotes Part III: Trends of the Future 7: The New Agricultural Revolution Food Demand Grows The Supply Side Fertilizer Producers The Processors Food Producers Endnotes 8: Fueling Global Growth Rising Consumption The Supply Side The Refining Factor Coal Natural Gas Nuclear Power Renewables and Alternatiaves Asian Energy The Integrated Players Endnotes 9: The Lure of the Megatrend Dr. Copper Nickel Is Worth More Than Five Cents Buy High, Sell Low... When It Comes to Steel P/Es The Fund Endnotes 10: Asia's Evolving Economies Travel and Tourism The Necessities Retail Banking and Finance Pharmaceuticals and Healthcare Technology/Outsourcing Telecom Shipping, Ports, and Transport That's Entertainment Endnotes EpilogueIndex Š Copyright Pearson Education. All rights reserved An excellent guide for the long-term investor looking to benefit from Asia's imminent economic success. --Kirkus Reports Assuming that Mandarin Chinese will be the most important language in the coming decades, Quantum Fund founder and self-proclaimed investment biker Jim Rogers has employed a Chinese nanny for his daughter, according to several news reports. For the rest of us, our knowledge of Chinese likely will be limited to the menu at the nearest take-out. Still, this does not mean we cannot develop a fluent understanding of the implications of major growth in Asia, and in China in particular.The new book The Silk Road to Riches attempts to provide investors with an understanding of the economic developments in Asia and a lesson in how to strategically align investments with this global growth. Initially, however, the authors do not present investment in Asia as particularly attractive. Instead, they cautiously advise readers about the hurdles they may have to leap in order to invest which, after having heard many invest-to-get-rich-quick schemes, this reader appreciates.The authors explain the development of a middle class and Asia's "path to prosperity," and in doing so dispel a few negative misconceptions many Americans have about its growth. For example, this path to prosperity includes offering cheap manufacturing to foreign companies-more commonly known to Americans as offshore outsourcing. But before readers can begin to bemoan the loss of the Main Street shops to the development of more Wal-Marts - which does its share of outsourcing - the authors rightly point out that these countries, as they urbanize, require goods as well. In 2000-01, for example, China's growth enabled the U.S. to increase its exports. Asia's growth does not necessarily undercut American investors' ability to grow their portfolios or the American economy's ability to do well.Another misconception that these authors debunk is the oft-held belief among investors that long-term investments in the stock market are basically guaranteed. Investors ignore the following: "Though prospects may be bright, the long term is comprised of many short terms-if one mishandles several short terms, it may be very difficult to achieve long-term success." Investors need to understand and plan for this before developing an investment strategy.In addition to debunking misconceptions, the authors provide throughout the book a comprehensive fundamental analysis of Asia and its active economic sectors. No book on the Asian economy would be complete without an analysis of China and India, whose vast potential for economic growth has held the attention of the globe for the past few years. Here the authors offer a glimpse into the social and political histories of each country, and an assessment of how those histories, from India's democracy to China's communism, may influence their economic development. In particular, the authors provide a detailed analysis of agriculture and energy. For example, they narrow down the food consumption habits of Asian companies. Did you know many Indians have quite a sweet tooth? Ten percent of their daily caloric intake comes from sweets and sweeteners. In addition, the authors also point to two major companies in the fertilizer business that will greatly benefit from China's fertilizer demands as they produce more food. They are just as thorough in their explanation of Asia's energy needs and how those needs will affect many companies, reviewing numbers and citing the activities and business of particular companies. They even go so far as to discuss the hydrocarbon molecules that make up heavy crude oil, describing certain varieties as sour and others as sweet. This is not common knowledge, but it is knowledge that will be useful for investors looking at investing in oil refineries. The book concludes with analyses of several other Asian market sectors and companies that stand to benefit from Asia's economic growth. From entertainment to shipping, they discuss major players in each sector. Needless to say, this book will surely appeal to astute stock market fundamentalists. Even technical analysts, if they are willing to use fundamental information to support their buy signals, will find this book filled with valuable insights. --Stocks, Future, and Options Magazine