When China joined the World Trade Organization in 2001, it became a major player in the global economy. Since then China has grown about 9% annually–which is more than four times the growth rate of the United States. Now with double-digit growth the norm, China's economic emergence–the greatest economic boom in the history of the world quite frankly–is filled with enormous opportunities. But you have to know where to look.

#1: Capture the Asian Tigers: Taiwan, Hong Kong, Singapore and South Korea

The last couple of years there has been a surge of interest in emerging markets and China stock investing. The reality is not all emerging markets are the same. Most emerging markets in the past have failed to emerge whereas a small number of emerging markets have had a consistently successful track record.

I like to invest in societies that follow Chinese traditional values such as emphasis on education, respect for authority, hard work and willingness to sacrifice for a greater good. These societies have done remarkably well when combined with a free-enterprise liberal economic market system.

As a matter of fact, in the 20th century, the only economies that really emerged, that really managed to make leaps and bounds in terms of economic growth, were the so-called four Asian tigers, Taiwan, Hong Kong, Singapore and South Korea.

I believe this model will continue to hold true. Ultimately, I believe in investing in people more so than just taking a gamble on a specific sector, say natural resources or technology, because ultimately it's people who create wealth.

The second important investment theme focuses again on demographics in developed countries like the United States, Japan and Western Europe.