As anyone who has met me knows that I am half Cuban.
Michael Gelband’s Exodus Point launched in 2018 with $8.5 billion in assets. Expectations were high that the former Millennium Management executive would be able to take the skills he had learned at Izzy Englander’s hedge fund and replicate its performance, after a decade of running its fixed income business. The fund looks to be proving Read More
Once you go Cuban, you NEVER go back. (A joke!). However, there are two sides (of many!) to Cuba.
http://www.bridgescuba.com/ I know the founder and he knows the many sides to Cuba. He can help make your trip more authentic and interesting.
INVESTING IN CUBA
We last spoke about SELLING THE RALLY in CUBAhere: http://csinvesting.org/2014/12/17/sell-the-rally-cuba/. It doesn’t take investing brilliance to sell hype over reality and a 50% premium to the underlying assets.
Investing in Cuba: Opportunities Develop (BARRONS)
There haven’t been big breakthroughs since U.S.-Cuban relations were re-established. But investors should be aware of smaller signs of progress.
By DIMITRA DEFOTIS November 21, 2015 Emerging Markets
In Cuba-U.S. relations, so much has changed in 2015. For U.S. investors, however, things have stayed much the same.
It’s been nearly a year since President Barack Obama and Cuban President Raúl Castro announced warmer relations. The U.S. removed Cuba from its list of state sponsors of terrorism. But Cuba still has a Marxist-Socialist economic model, a two-tiered currency system that favors locals, and no stock market.
What investors have, for now, is improved diplomacy: After a year of tense negotiations, Cuba is home to a newly opened U.S. embassy in Havana, and it opened its own embassy in Washington, D.C. More flights and mail between the countries could be imminent.
Still on the books: a trade embargo by the U.S. that may not be lifted ahead of the 2016 U.S. presidential election. Those who want the embargo lifted hope a Democrat wins the White House in 2016. Republican presidential candidate Marco Rubio, a Cuban-American from Florida, has promised to undo Obama’s Cuba detente.
Full article here
Editor: Cuba will move forward but mostly after the Castro Brothers are gone. You can make a lot of money from a small base but you have to do it in the Black Market (about 60% of Cuba’s economy).