It was by Papa Charley

http://www.wazua.co.ke/f...aspx?g=posts&t=2946

Kingfisher was not amused by the article, and neither should any African. But it was a wake up call.

I have edited it cauze its worth sending to my enemies for clarity.


Africans’ problems are due to something inherent
I have thought day and night about Africa's historical and contemporary unending quagmire. This article discusses low intelligence as the reason..... read on
Low intelligence makes helping blacks very difficult for social planners, activists, politicians, social workers, educators, and businessmen who want to utilize African Americans as productive factors in the work world. If true, this may build resentment, trigger lawsuits, and allow demagogues to confuse the issue and confound consensus.
According to the bestselling book on race and intelligence, The Bell Curve, as a group, African Americans have a average mean IQ of only 85 points as compared to Europeans who have an average mean IQ of 100-103points.
However, in some African countries, the Average Mean IQ Level is even lower infact, lower than 60 points on average. This occurs in many out of the way villages along the Zaire River Basin. Fifty percent of these Africans are either in the retarded or moron group.
Back in America, only 16% of African Americans have IQ's above 100 points, which is approximately what is required to achieve a mere D-/F+ in college. Graduation rates of a mere 32% at all-black Howard University bear this out, and Howard University is definitely not a difficult school to attend.
Only 2.3% of all African Americans have an IQ above 115 points, about D+/C-in college. Only 667, 000 out of 29, 000, 000 African Americans measure above115 points as can be seen in the above illustration. This is hardly enough IQ level in the distribution pattern to justify Affirmative Action Programs. There just aren't enough African Americans to fill the jobs available. That is why white women were elevated to 'minority status' by affirmative action executives, even though white women are far more plentiful than pink men who are themselves a minority by comparison.*
If these facts are true, there is little hope that it can be helped by any means known to society.
The importance of inheritance in IQ transmission has been quietly observed with little fanfare in the press through scientific IQ testing of African, African American, and European Twins... Scientific and educational publications abound. (See the bibliography pages in 'The Bell Curve' for hundreds of such manuscripts, articles, books, etc., published in scientific circles where the discussion of IQ and educability levels takes place on a daily basis.)
'The Bell Curve, ' 1995, is available for free in your favorite public and/or school library. 'The Bell Curve' contains hundreds of interesting pages explaining the various ins and outs of U.S. Armed Forces and National Student Longitudinal intelligence testing results for African Americans versus European Americans and Asian Americans and others** by educators, scientists, and statisticians....
*Scientists and Educators are beginning to realize that low intelligence is possibly due to genetic inheritance of historically low African American IQ levels... Some have suggested intermarriage with whites to raise black IQ levels, but many in both groups have found this to be a distasteful solution with fascist underpinnings. So, it is generally opposed. This leaves African Americans with a permanently low IQ with no hope of remediation, because IQ is not a function of education. The tragedy is found in the mere 17%-25%graduation rates in African American high school statistics as children with low IQ who are forced to act as though they have high IQ predictably fail, giving them feelings of low self-esteem and worthlessness, and may precipitate their later tendency toward violent criminal behavior.
**Not so good news for African Americans, except that it shows that European Americans are not the smartest people in America is the fact that the Asian Americans are smarter as a group than European Americans. Asians have an IQ of 103 IQ compared to 100 IQ for European Americans. Jews are the very highest. Jews have an IQ of 115 points. Probably as a result of their higher IQ, Jews have been the most productive people in the world for the size of their population. [If Hitler had utilized the Jews in Germany, he would have won World War Two. Einstein, Oppenheimer, Ferme, and Teller, who were Jews, developed the atomic and hydrogen bombs that ended World War Two and kept the United States and Europe secure since 1945 when the first atomic bomb, developed in large part by brilliant, high IQ Jewish scientists, was exploded on Hiroshima.]

@surealligator, most of what you see in the ukabila mingi thread was actually in a thread in the investor section analysing the impact of Nelson Muguku's death on EB share.All was well until someone decided to remind us that most board members for EB are from central

Then all hell broke loose...

Karibu

Surealligator, You must have also missed this

Stocks, or fixed income investment outside your country of residence / origin is one of the most difficult decisions to take.

Concerns

- Cost Of doing business like bank charges due to fund remittance, cost of travelling (peculiar to African countries)

- Uncertainty of which product or counter to invest in.

- Limited communication options as you are not physically there.

- Fear of fund repartriation of proceeds and at times burden of capital gain tax.

- Lack of wherewithal to start because of the risk of unknown.

- Inadequate information on how to start as the only popular offshore investment is forex trading which I abhor and classify it as gambling.

- Uncertainty of which broker to use.


Advantages
Stock investment across boarders is an act of creativity

- Exchange rate advantage especially when investing in advanced economies. 10% gain in USD is far better than 10% gain in Ksh .

- Exposure to other economies instead of being limited within the box (your country) as every country is fragile .
Recall Greece, Iceland economic crisis Kenya Election crisis of 2008, Nigeria banking toxic asset crisis of 2009.

- Spreading of Risk across different economies.

- Exposure to investment in other asset classes.
a balanced portfolio consists of Technology, Commodity,Energy, manufacturing, and banking stocks. You cannot invest in Commodity (Gold, metals), Energy (Oil and gas) stocks in Nairobi Stock Exchange. But yes tou can as a world citizen to invest elseway.

In this series which I will take you through as time permits from my busy office schedule, I will divide my program (though not sequencial) into two main atreas :-

(i) Investing in Other African countries.
(ii) Investing Outside Africa with online real time trading account.

Based on my past experiences I will share the nitty critty of all of them right from how to open an account, how to fund your account, what to invest on, how to repartriate your proceeds, and the right approach to various markets.

In Africa it will be limited to Nigeria, Kenya, Ghana, Uganda and South Africa. But I will classify S/ASfrica in the advanced world.

For Overseas I will be looking at US/Canada, Hong Kong, Singapore, Thailand, Australia and New Zealand market, in addition to cross listed European shares in US market as it is not possible for non residents to trade directly in any EU market.

Be rest assured all my postings will be based on my practical experience over the years not theories or hearsay.

ABOUT YOUNG

I am proudly Nigerian, an honest one 48 years by June 7. 7th child in a family of nine. Young actually my pet name. I joined this forum in 2007.
I am a computer Scientist by profession and I have been working in Nigerian subsidiary of Italian based oil and gas multinational ENI group (listed in NYSE and Milan, Italy bourse)called Nigerian Agip Oil Company since 1988. Married with 3 kids aged between 8 and 16.
Started investing in my local bourse Nigerian Stock Exchange in year 2000.
Started off shore investment in Ghana and Kenya in 2004. Started online real time trading in US, Asia and Oceania in 2005.
Have experienced market burst and booms in all markets.
Hope to voluntary retire from active service a couple of years. Widely travelled to several African countries and Europe / US.
I believe in Africa and the unfolding investment opportunities.

As a busy scientist my thoughts flow faster than my English grammer, apologies for grammatical errors here and there,


http://www.wazua.co.ke/f....aspx?g=posts&t=6779

LOL

i just believe the west appreciate their good brains better, Germans develope standards for everything ISO hata drafting a report.. while here we appreciate thieves,myths and mischief more..
i can assure you most Kenyans who have had average good schooling match favourably with

but i still wanna know why only 4.7% voted in mid terms.. hii nyeuthi ya Obama are a bigger case study

Guys downloaded the following books on investing. They were in very high demand



http://www.4shared.com/file/2K2LrPUp/Wazua.html

or

http://drop.io/p5uiaqa

When i read and hear former President George Bush, and now Senator Palin.. I know who is more intelligent.. And she (or he) is not jungu.

Mchongwano?Lol! But RAO and Ruto mustve been good in mchongwano! Imagine @66 and you can hurl them like RAO!