Comments by "Samson Soturian" (@samsonsoturian6013) on "The Rise and Fall of Jumia, Citron's Biggest Disaster" video.

You got to be frank about Africa: It's highly unlike that any piece of the continent will reach even Mexico's standard of living and corruption is just an overhead cost of business. Keep that in mind when investing.
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About that Composer website. I thought I'd papertrade with it only to find they only have 8 programmable criterias and they're all technicals. I like what they're doing but it's of little use.
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@ananasvostel you mean former colonies whose GDP has fallen massively since colonial era highs?
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@drek273 that's what the colonists said a century ago. Most of those guys got ethnically cleansed for their property. Do you have any idea how much crime is on the continent?
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@taylorbug9 yes, they are all former colonies whose GDP has been falling with each decade.
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@drek273 you misunderstand. The height of Africa's GDP was right at the end of the colonial period and the colonists were no more violent or dishonest than anyone else on the continent. The independence of these states started their fall, like how in Angola all the Portuguese commercial farmers were killed or driven off only for the people to immediately starve since none of them knew a thing about commercial farming. Now, you can still profit from investing in Africa, you just need to be aware of the limits imposed by systemic poverty, the costs imposed by theft, and the costs imposed by the need to import or improvise anything more complicated than a shovel.
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@chris0000924 that insult doesn't logically connect to my statement. This is about the effects of systemic crime on company profits.
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