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August 1, 2007
The King and Buy
It turns out that one of Thailand's best investors is the king:
Mondays are different in Thailand. It's the day of the week on which the world's longest-reigning monarch, Bhumibol Adulyadej, was born.
And in this Southeast Asian nation, the sidewalks, trains, ferries and food stalls selling fiery curries take on a canary- colored glow as Thais -- from chief executive officers to street sweepers -- pay respect to their king by dressing in the royal color of yellow.
Investors are finding reasons to be enthusiastic about Bhumibol too: The $5 billion of shares that the 79-year-old king controls through the Crown Property Bureau, the asset management company established by Thailand's government, are weathering the nation's vicissitudes better than most.
Posted by edelfenbein at August 1, 2007 9:30 AM
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