Not all content here needs to be political. Nor should it. Our job is to stir thought. And that’s what this article does. A businessman who runs as local rock legend Roger Clyne sings, “Counterclockwise.” It’s a good read. And a different way of getting ahead in business.
From the New York Times: North Korea Is Newest Frontier for a Daredevil Investor
By Penn Bullock
He searched for oil in the badlands of Somalia and fueled a stock market boom in Mongolia. He sued the world’s smallest republic, far out in the Pacific, for a chunk of what it is worth. Now, he is betting on North Korea. James Passin, a hedge fund manager at Firebird Management, believes the nuclear armed country sits on as much as a billion barrels of crude — enough to make it as big a producer as Oklahoma. If the oil exists, he wants to help unlock it.