A friend sent an article across about how Bangkok is an expensive place to live. I forwarded it on the smartest person I know in the country, and he responded, (w/ my paraphrasing) “Bangkok is rich, but Thailand is poor, and this is why people retire in the provinces”
When I look at the Thai market it does feel the same the entire damn thing still looks expensive, 16x PE for the SET, 215x PE for the MAI (jebus!), that one really has to dig deep down to find any real value or bargains for that matter. (we’ve found one in the chat group thanks to one reader in 2023, WPH was amazing). I still like to think that regardless of how crap a government, market, economy is you can always find a great opportunity.