Global Opportunities Beyond the Radar

My Italian Dream: High Income and Nuclear Fusion


Quantum Wealth Summary




When I was a kid, I had a friend whose dad was a rich lawyer.

He bought a new car every couple of years. One occasion, on the country roads of Taranaki, he overtook us at breakneck speed.

I envied his cars. In particular, an Alfa Romeo Sprint. A nimble, sporty little number.


Alfa Romeo Alfasud Sprint, 1980. Source: YouTube


From the Fiat 500 to mass-market Alfas around the word, these cars were a symbol of the start of the Italian miracle. And perhaps, in the case of the Alfasud Sprint, the end.

Alfasud — Sud meaning south — saw production move to the much poorer southern part of the country following government incentives.

Legend has it that these cars, a masterpiece of design, were let down by inferior steel from Eastern Europe that rusted out. And poor labour relations leading to shoddy workmanship.

Between 1951 to 1973, Italian GDP growth averaged over 5% per year. Yet, by the 1980s, decline had set in.

Today, the country has barely grown since joining the EU in 1999. This union does not appear to have helped the competitiveness of the many family firms that make up the economy.


Source: The World Bank


Yet today, under the dynamic and conservative new government coalition led by Giorgia Meloni, could the nation be about to turn a corner?

I’m a great believer that Creative Destruction inevitably leads to new growth.

I’m also a believer that it’s far easier to make money in the stock market when you buy a beaten-down company in a put-upon economy that is about to turn a corner…

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