The story
Five countries, one skill
Different businesses on three continents, and the same move underneath every one of them: find the gap, and get there before the crowd.
England
Kicked out of school, onto a market stall
No qualifications, no plan, and a village to leave behind. He managed rock and roll bands, then stood behind a market stall: long days, thin margins, and the discovery that he who shouts loudest — and smartest — gets heard.
Paris
Nearly homeless, and English
Broke in a foreign city. Being English turned out to be the edge that got him work — the first lesson in the skill that runs through everything since: find the thing you have that the market is short of.
Sydney · Amsterdam · Asia
Businesses from nothing
Street markets in Sydney and Amsterdam, priced off the gap between what things cost in one country and fetched in another. Buying trips across Asia, importing at source, building materials at a fraction of retail. Different businesses, the same move every time: arbitrage.
Amsterdam · Hong Kong · Houston
Semiconductors, 24 hours a day
The Y2K scramble and the first internet boom created a shortage, and he built a trading business into it — production outsourced to Asia, three offices, and a desk that never closed because somewhere in the world it was always trading hours.
United States
Buying while everyone else ran
He landed in U.S. property and kept buying through the 2008 crash, when "distressed" still frightened people. One block of 50 homes cost $1.35 million against $10.75 million of defaulted mortgages — twelve and a half cents on the dollar.
Then the deliberate shift into commercial: neighborhood retail centers when the consensus said Amazon would kill them, and multi-tenant small-bay industrial. Both still pay their own way today.