Another interesting tidbit..

If you think that we in Malaysia are hard done by, check out this latest documentary about the state of coffee growers in Africa – the only country to have gotten poorer in the past 20 years (www.blackgoldmovie.com) where the coffee grower gets less than 0.10% of the price of a Starbucks coffee.  The very simple point this documentary makes is that markets are not always efficient and money generated by demand does not always flow to the provider of its commodity, i.e it does not always fly to value. Many people make a living out of exploiting these anomalies, including us traders, but somewhere along the line there must be rules to protect the weak and defenceless. I really feel sorry for their plight. If you’re interested to know where your coffee comes from, you owe it to yourself to watch this.

Interesting Article: Warren Buffet’s 2006 Letter to Shareholders

Here’s an interesting link to one of Warren Buffet’s letters to shareholders which has been doing the email rounds. Most of you have probably got it already but for those you don’t – take a read of it. (You can download it here: rl_04-06-buffett_05_chairman_letter.pdf). It provides a great comment not only on the financial services industry and will, I hope, inspire you take more control of your own financial future.