Most people don't know much about the country. So when Casey Daily Dispatch editor Justin Spittler visited Doug at his Uruguayan ranch, he decided to get the scoop…

Justin: So, Doug. Why Uruguay?

Doug: Well, Uruguay used to be known as the "Switzerland of South America." It once had the most free-market banking and financial infrastructures, and excellent privacy. It was once very desirable from that point of view. All the Latin Americans used it as a tax haven and a money refuge. It still clings to remnants of that reputation.

Uruguay is also a small country. It is about the size of Missouri. Its population is around 3.5 million people. Small is good, especially when the financial industry is a big part of the local economy. To me, small is attractive…

It's quiet and backward. When I first visited in 1980, I thought I was stepping back into the 1930s—I kid you not.