Risk and opportunity in emerging markets

The speaker shares personal experiences of living in Hong Kong, highlighting the cultural differences and the importance of understanding global markets. They discuss how perceptions of risk and opportunity differ between the UK and Hong Kong, particularly in terms of investment in emerging markets like China and Africa. The speaker emphasizes the need to recognize rapid changes in these regions and the potential for significant returns, urging a shift in perspective to seize opportunities.

What did the speaker learn from their experience of living in Hong Kong?

• That the UK is the best place to live

• That Asia is not different from the UK

• That all cultures are similar

• The importance of understanding local and global markets

How do investment perspectives differ between the UK and Hong Kong?

• Hong Kong sees opportunities, while the UK sees risks

• Both see emerging markets as opportunities

• The UK sees opportunities, while Hong Kong sees risks

• Both see emerging markets as risky

What was the return on investment in China between 1990 and 2000?

• 200%

• 70%

• 1000%

• 500%

How does the speaker suggest people should view Africa?

• As a place with no potential

• With the same fear as 15 years ago

• As an opportunity similar to Asia 15 years ago

• As a place that will never change

What is the speaker's advice for understanding rapidly changing markets?

• Ignore the changes

• Visit and understand the changes firsthand

• Rely on outdated perceptions

• Avoid visiting new places