Connect with us

archive

My #1 Pick in the World’s Most Hated Stock Market

Russia is the market that investors love to hate.

George Soros lost over $1 billion investing in Russia after the Russian government defaulted on its bonds in 1998. When asked about Russia, Charlie Munger, Warren Buffett’s partner at Berkshire Hathaway (BRK-B), harrumphed: “We don’t invest in kleptocracies.” One investor famously declared after the market’s meltdown in 1998: “I’d rather eat nuclear waste than invest in Russia.”

Russia’s image hasn’t improved since. Fifteen years ago, when you heard “mafia,” you thought of the Godfather. Today, you think of a Russian “biznisman.” If India is embodied by a highly educated, dedicated high-tech worker, Russia is the thug you cross the street to avoid. India is Bill Gates. Russia is Scarface.

With Russian President Vladimir Putin annexing Crimea at his whim — and lining tens of thousands of troops along Ukraine’s border as a thinly veiled threat for a future invasion of Ukraine — chances are you feel the same way.

Certainly, you wouldn’t be alone.

Read more about Russia and the #1 contrarian investment pick at Eagle Daily Investor.

TRENDING NOW:

Russia is the market that investors love to hate. With Russian President Vladimir Putin annexing Crimea at his whim -- and lining tens of thousands of troops along Ukraine's border as a thinly veiled threat for a future invasion of Ukraine -- chances are you feel the same way.

archive

My #1 Pick in the World’s Most Hated Stock Market

Russia is the market that investors love to hate. With Russian President Vladimir Putin annexing Crimea at his whim — and lining tens of thousands of troops along Ukraine’s border as a thinly veiled threat for a future invasion of Ukraine — chances are you feel the same way.

Russia is the market that investors love to hate.

George Soros lost over $1 billion investing in Russia after the Russian government defaulted on its bonds in 1998. When asked about Russia, Charlie Munger, Warren Buffett??s partner at Berkshire Hathaway (BRK-B), harrumphed: “We don??t invest in kleptocracies.” One investor famously declared after the market??s meltdown in 1998: ??I’d rather eat nuclear waste than invest in Russia.?

Russia’s image hasn’t improved since. Fifteen years ago, when you heard “mafia,” you thought of the Godfather. Today, you think of a Russian “biznisman.” If India is embodied by a highly educated, dedicated high-tech worker, Russia is the thug you cross the street to avoid. India is Bill Gates. Russia is Scarface.

With Russian President Vladimir Putin annexing Crimea at his whim — and lining tens of thousands of troops along Ukraine’s border as a thinly veiled threat for a future invasion of Ukraine — chances are you feel the same way.

Certainly, you wouldn’t be alone.

Read more about Russia and the #1 contrarian investment pick at Eagle Daily Investor.

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

TRENDING NOW:

Connect