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Pastimes : Ask Mohan about the Market
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To: Joseph G. who wrote (11069)12/11/1997 8:52:00 PM
From: Tommaso  Read Replies (3) of 18056
 
Joe,

Do you remember when the Korea Fund came out and for the longest time it was selling at a huge premium to NAV. People were desperate to invest in Korea on the false analogy that to do so was like Templeton getting into Japan. Also there was the Hyundai automobile, yuk.

Thanks for mentioning it. When everything shakes out it could be the incredible bargain of the decade. Seriously. Korea is after all a place where some useful things are made.
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