Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (1386)	12/14/2000 2:19:08 AM
From: Joshua Corbin	Read Replies (2) of 74559

Actually, I recommend Mobius's book, Passport to Profits to anyone who wants just a glimpse into the travails of emerging markets. Should be Passport to Losses: quote.yahoo.com This was one of the lamest investing books I ever read. Mobius throws in all this travelogue and those silly little bullet points to make himself look good. I was also unthrilled with stuff like Malikel's Global Bargain Hunting, but this one piles on the ego. He's like a real-life Dr. Evil from the Austin Powers movies. If New Economy is a bogus buzzword, then Emerging Markets is even more so. Templeton Emerging Markets charges a 1.63% expense ratio to give investors a five year annualized loss of 5.40%. quicktake.morningstar.com YTD on EMF is -43.53%. By comparison, YTD on the QQQ is -32.00% and SPY is -9.25%. closed-endfunds.com Captain Baldy would say that his style of investing involves risk, requires long time horizons and that prices are cheap right now. If a New Economy guy made these claims, you'd laugh. But Mobius is a Master of The Freaking Universe. Why is Mark Mobius so adored? Why do so many who hate Abby Cohen love this guy? Why do they, who think techs are going to negative numbers, find Third World equities such a great deal? If wunderkind stock pickers can't beat the market on their home turf, why should we expect them to excel in Hong Kong, Japan or Korea?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next