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There are so many reasons that require international perspective as your investment horizon expands. And needless to say, it can be difficult to gain perspective by sitting home. Debbie and I have found after repeated trips that the world comes to Paris! More than any other international base we would wish to consider, Paris stands out. We have spent untold hours visiting with travelers and business people from around the world. Simply, Paris five star hotels draw people of interest. The intelligence we glean regarding the international landscape is but part of the equation. We also benefit greatly by what we hear from foreigners about America. On our last trip, we heard a great deal that we would have been just as happy not to have. The administration in Washington is universally held in the lowest esteem. The words confidence and trust surface regularly.
OK then, there’s a big benefit from the perspective you gain from associating with a wide group of international travelers. Where best to base yourself to achieve as wide an array of goals possible on your visit to Paris? If you are scheduling meetings in Paris, you’ll want to base yourself at one of Paris’ five star palace hotels on the right bank. As I have explained in the past, Debbie and I are not as big fans of the right bank as we are of the left. Were it not for our continued desire to stay at the Hotel Bristol and to try the hotels Daniel and Raphael, a right bank stay would not happen for us. Your situation, however, may make a right bank palace hotel the prudent-if pricey-move. As you probably are aware, a five star palace hotel stay comes with a ghastly price tag. You are going to take a financial hit of serious proportions. Somehow the Federal Reserve seems to have convinced naïve American investors that it has inflation under control. The Fed fools itself to imagine such folly. When you pull out your mini dollars for conversion into euros, and then price out your Paris five star stay, you will receive a sharp awakening.
November 9 2017
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