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God bless people who buy low and sell high

Arbitrage and speculation get a bad rap sometimes, but they're incredibly useful.

I'm leaving Ulaanbaatar shortly and I'll be heading to Japan. I went to stock up on some basic supplies - personable consumables and work stuff.

Strikingly, paper is really expensive here for Western-grade, Western-style paper. The local shops literally don't carry it. Instead, they have this checkered sort of paper. It's like graph paper, but with thick black lines. I prefer black ink, and after trying out one of those notebooks, I couldn't read what I'd written.

I tried some of the upscale department stores (Sky Department Store, State Department Store) and there's literally no Western-style, 60 sheet lined notebooks in the $1 to $2 range like you'd see in the USA. They have high end notebooks for $6 to $12, and they have these thin flimsy 20-page booklet-type things for around $1. I settled for the booklet.

Now, if there was the demand to make it worth it, someone importing Western style paper from China at 20 cents a notebook and selling it here for $2 per notebook would be creating a lot of value. If this presented a large enough opportunity, eventually you'd see the margins go down towards cost, as happens in almost all industries.

3 Easily Had Advantages For Your Notebook Usage

I use paper a lot. I think on paper. I fill up multiple notebooks per year with notes, planning, clarifying and working things out on paper.

It dawns on me that few people talk explicitly about how they use their notebooks, and fewer still write about it to share advantages.

I'm not going to write a treatise on notebook usage -- but I've got three tips I've adopted that I think are uncommon.

1. Blank Line At The Very Top

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