Cover image for Passport to profits : why the next investment windfalls will be found abroad--and how to grab your share
Passport to profits : why the next investment windfalls will be found abroad--and how to grab your share
Mobius, Mark.
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Publication Information:
New York : Warner Books, [1999]

Physical Description:
vi, 422 pages : map ; 24 cm
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HG4538 .M585 1999 Adult Non-Fiction Central Closed Stacks

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A guide to international investment by one of the masters of the emerging market funds reveals how to identify the most promising foreign businesses and invest in them.

Author Notes

Stephen Fenichell lives in New York.

Reviews 3

Booklist Review

Mobius, who quite obviously affects a James Bond flair, boasts of spending 250 days a year trotting the globe--mostly in a $20 million, 11-seat private Gulfstream jet. One assumes his bravado is meant to instill confidence in would-be investors for the six mutual funds Mobius manages for the Franklin Templeton Group, especially since his flagship fund has performed poorly over the past two years. In Mobius on Emerging Markets (1996), he made many bold statements that proved to be wrong or have yet to pan out. In particular, Mobius failed to anticipate the financial crisis in Asia and, once it did happen, misjudged how long it would last. At the same time, ever the daredevil, Mobius plunged even more money into deflated Asian investments; and now his strategy is on the verge of paying off. Mobius now takes us on a whirlwind financial travelogue, hitting the world's emerging markets and detailing the advantages or disadvantages of each as an investment. Mobius uses each stop to enumerate several of his 84 rules for investing in emerging markets. --David Rouse

Publisher's Weekly Review

How is one to describe a book that recommends on one page that investors in emerging markets subscribe to a slate of newsletters that cost up to $10,000 per year each, while claiming on another page that investors need only a good map? Perhaps as a brilliant mess. Mobius is recognized as a talented investor whose Templeton Funds enjoyed a 20% annual gain from 1987 to 1997, but this book is sloppy. If it reads like a collage of rough notes, however, that rawness may give readers a better idea of how Mobius thinks than a cooler, more polished work would have. Whether speculating in high-risk emerging markets or picking moderate-risk domestic mutual funds, investors can learn much from him, but more about attitude than specifics. Mobius is intuitive, not systematic as he takes readers on his never-ending tour of those corners of the world just settled enough to invest in but still chaotic enough to offer exceptional opportunities (e.g., Vladivostok, Brasilia, Lagos). Like a hard-boiled noir hero, Mobius has optimism without illusion and empathy without softness. He dissects tragedy with clarity and a world-weary shrug; describes foolishness with cool detachment; and evaluates high-risk opportunities with a gambler's wary eye. (Aug.) (c) Copyright PWxyz, LLC. All rights reserved

Library Journal Review

It's a global economyÄbut how do you invest in it? Mobius, the fund manager for six Franklin Templeton funds, offers some hints. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Table of Contents

Prefacep. ix
Part 1 The Boom (Eastern Europe)
Chapter 1 Hope and Growthp. 3
Chapter 2 Baltic Boomp. 60
Chapter 3 All the Riches in Russiap. 105
Part 2 The Bust (Asia)
Chapter 4 Hong Kongp. 161
Chapter 5 Hong Kong II "Catching a Falling Knife"p. 192
Chapter 6 Ground Subzero: Thailandp. 232
Part 3 Beating the Odds (Latin America)
Chapter 7 The Next Domino? (Brazil)p. 281
Part 4 The Final Frontier (Africa)
Chapter 8 Nigeriap. 331
Chapter 9 South Africap. 352
Conclusion: Winners and Losersp. 385
Appendixp. 420