Lloyd George: Asia's pendulum man

Robert Lloyd George recently spoke at a lunch held by the Hong Kong Retirement Schemes Association. The chairman of Lloyd George Management - a fund management firm based in Hong Kong with $5.5 billion under management - Lloyd George himself is regarded as one of the world's more visionary fund managers. He is based in London now, but lived in Hong Kong during the 1980s and in 1991 penned the book "The East West Pendulum", a book whose general thesis was that economic activity and dominance was swinging back to Asia from the West - ie a reversal of the pendulum swing that occurred in the 18th century. Below we print in full his speech: