Russia/Templeton Russia Fund (TRF) Message Board

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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF)

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To: Quang Nguyen who wrote (76)	12/22/1998 2:09:00 PM
From: Daniel Shaffer	Read Replies (1) of 94

Darkest before the Dawn: I would like to keep in touch with other TRF investors from time to time. It is hard to imagine things getting much worse in Russia. Unlike Soviet times when the state owned everything, there are now many people -- especially young people -- who have had a taste of economic freedom, entrepreneurship, prosperity, and western business management. Many now have a stake in the continuance of economic reforms -- and a lot to lose if things descend back into chaos. If history is a guide, this new private sector will influence the political system greatly and pressure for continued reform out of the need for self-preservation. Many Russian businesses and "biznessmeni" are not really "broke". They have merely parked their assets in dollar accounts outside of Russia in order to preserve them. Sooner or later, possibly under a new government, Russia's recovery will resume. In terms of TRF, it is hard to imagine the price getting any lower than the $8 to $9 range, so we may be seeing a low. Any other thoughts or opposing views?

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