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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Paul Berliner who wrote (793)	11/4/1998 4:54:00 PM
From: Jim Fraser	Read Replies (1) \| Respond to of 1301

Thats why they call it speculation. $1000 invested now could pay for a young childs private-college education 15 years away...OR...it could go to 0. It seems worth it to me to put speculative money in Russia and japan at this point. Hey... what will happen to the russian market when Yelsen dies?

To: Paul Berliner who wrote (793)	11/4/1998 9:02:00 PM
From: Rob Shilling	Read Replies (3) \| Respond to of 1301

<<Why put money in a country with an unstable currency? The risk is far greater than the reward. >> Paul, IMHO you seem to be quoting the common investing philosophy these days: "quality = price movement". In other words Intel should go up because it is a quality company with predictable earnings, but Russian stocks should go down because Russia is not as predictable right now. If you look at the concept of value investing, Russian stocks are so cheap it is unbelievable and U.S. stocks are so expensive it is unbelievable. There is no rule that says the U.S. market should always go up and Russian stocks should never go up. Value investors love uncertainty (unstable currency) because they can pick up great stocks on the cheap.