Book description
Emerging market investment advice from a seasoned pro
Mark Mobius, the man the Wall Street Journal has proclaimed "the King of the Emerging Market Funds," spends eight months of the year traveling the globe in search of hidden market bargains overseas and in Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised Edition, he shares what he's learned. In a globetrotting tour taking you from the Baltic coast to Brazil, Mobius reveals his own experience-tested guidelines for investing abroad. Analyzing companies and new markets, identifying potential pitfalls and overlooked values, crunching numbers and meeting the local players, he knows where true growth is, and with this book in hand, you will too.
Presenting a straightforward, practical investment philosophy based on one key, indisputable fact: that the rest of the world's economies have far more potential for growth than our own, Passport to Profits shows even the most casual investor how to view investing abroad, how to devise a global investment strategy, and the pros and cons of buying individual stocks or mutual funds. The development of stock market infrastructures in emerging economies has opened up potential for impressive returns, and this book is your guide to cashing in.
Illustrates the four keys to determining if a country is investment-friendly and how to gauge political climates for great investment opportunities
Analyses the 2008 crisis and its implications for the development of the emerging financial markets
Explains the rules for investing abroad that too many investors fail to understand
An adventurous and honest insight into the art of investing in emerging international markets, Passport to Profits provides the hands-on experience you need to balance the risks and reap the rewards of global investing, right from the comfort of your home.
Table of contents
- Cover
- Title
- Copyright
- Contents
- Preface
- Acknowledgments
-
Part I: On the Frontier of Emerging Markets
- Chapter 1: Introduction to Emerging Markets
-
Chapter 2: Hope, Growth, and the Investing Process
- FELT
- Putting on My FELT Hat, Puttin’ on the Ritz
- The Basket Boom
- Some Statistics
- So Many Eggs, So Many Baskets
- A Note on Fund Types
- Closed-End Funds
- Open-Ended Funds
- A Few Things you Can Do
- The Big Five
- Taking the Plunge
- Risk and Reward
- By Way of Background
- And Today . . .
- The BP
- What I Bring to the Party
- The Crunch Method
- My Mobius Trip
- The Mobius Method
- Reality Check
- Sixth Sense
- Investment by Analogy
- Risk is Real
- ADRs
- Volume Discount
- Getting De-Fleeced
- Trading Risk
- Water Water Everywhere, Yet Not a Drop to Drink
- And Now for the Good News
- In Bob We Trust
- Operational Risk
- Let’s Look on the Bright Side
- Market Risk
- Five-Year Plan
- The Importance of Being Contrary
- Fear and Greed
- Templeton’s Law
- The Asian Spin Cycle
- Ground Zero
- Growth
- Mass Communications
- Leapfrogging Technology
- Foreign Aid That’s Not a Band-Aid
- The Market Economy
- Lower Tariffs, More Competition
- Take a Walk on the Cynical Side
- Reason Regionally as Well as Rationally
- Regional Benchmarks
- Interest Rates
- A Privatization Primer
- Getting In on the Ground Floor
-
Part II: The Boom—Eastern Europe
-
Chapter 3: Baltic Boom
- The Name is Mobius. Mark Mobius.
- So Why the Baltics?
- Mobius Map
- Preliminary Assessment
- Boom Towns
- Gateway Countries
- On the Ground
- Radio, Radio
- Cultural Characteristics
- Beachhead to Russia
- Hotel as Metaphor
- Signs of the Times
- The Healthy Heart
- Surveying the Territory
- The Phone Company
- Strategic Partners
- Strategic Investors
- E.T. Call Home
- Sizing Up Management
- The Vision Thing
- From a Bureaucracy into a Company
- An Excellent Connection
- NAV
- Playing Privatization Monopoly
- Politics, Schmolitics
- Future Shock
- Company Assessment
- Going Mobile
- The Energy Company
- Numbers Racket
- Women’s Lib?
- Candid Assessment
- The Stock Exchange
- The Bank
- Company Assessment
- Regional Assessment
- Market Metaphors
-
Chapter 4: All the Riches in Russia
- Riddle/Enigma/Mystery
- Tax Surrealism
- Privatization, Russian Style
- Contract Killing
- The Oligarchy
- Oneximbank
- Confidence Games
- Oligarch
- A New Leaf?
- Prefer the Preferred?
- Profit from the Spread
- Share Dilution?
- A New New Leaf
- Cheaper by the Dozen
- Ground Zero
- A Fair Exchange
- A Central National Depository Registry
- So Boom or Bust?
- Some Good News
- Cultural Uplift
- And Now for Some Bad News
- The Second Tier
- Small is Not Always Beautiful
- Russia’s Pacific Rim
- A Haven for the Culturally Confused
- The TV Producer
- Back to the Map
- Public-Private Partnerships
- Corporate Culture
- Survival Instinct
- The Car Company
- A New Leaf
- Site Inspection
- Making Money
- Awesome Social Burden
- Company Assessment
- The Money Tree
- Share Dilution
- Arkhangelsk
- Dostoyevskian Despair
- Siberia
- KrAZ
- A House Deeply Divided
- KrAZ Update
- Fireworks
-
Chapter 3: Baltic Boom
-
Part III: The Bust—Asia
-
Chapter 5: Hong Kong
- The Happy Handover
- Until, That is, the Fur Flew
- Forex Forever
- Selling yourself Short
- The Global Game
- Sticky Thai Rice
- Zooming In
- Let’s Get Technical
- There’s Got to Be a Better Way
- Currency Risk
- PPP
- Inside George Soros’ Head
- Current Account Balances
- Politics
- The Right Stuff
- The Only Thing to Fear is Fear Itself
- The Down-and-Dirty Details
- When Bad News is Good News
- Bottoms Up
- A Symbol Soiled
- Finger-Pointing
- Ominous Atmospherics
- The Russian Typhoon
- Hunting for Black October
- Peg o’ My Heart
- War of Words
- A Debate Finally Joined
- Moral Hazard
- For Richer, for Poorer, in Sickness and in Health
- The Great Man Speaks
-
Chapter 6: Hong Kong, Part II: “Catching a Falling Knife”
- Head and Shoulders
- Curtains
- Risk Analysis
- Mobius Inc.
- Upside
- Downside
- The Year of the Rat
- What They Don’t Teach you at Harvard Business School
- Bargain-Hunting
- Handover Hangover
- Numbers Racket
- Snoopy Dog Dog
- Where There’s Smoke, There’s Fire
- Aftermath
- High Finance
- Déjà Flu All Over Again
- The Patron Saint of Hong Kong
- Boning Up on your Fundamentals
- The China Connection
- Hong Kong’s Burden
- Red Chip Fever
- For All the Money in China
- Playing Monopoly
- IPO Mania
- IPO Primer
- Playing the IPO Game
- Flying the Concord
- Concord First Class
- Property Values
- Highway to Heaven
- Playing the China Card
- Bad Beer
- Body Heat
-
Chapter 7: Thailand: Ground Subzero
- SOS
- Playing Monopoly
- Gridlock City Circa 1992
- Ghost Towns of Tomorrow
- Hills Like White Elephants
- What a Difference a Decade Makes
- The Royal Road to Recovery
- The Broom
- Lightening Up, with a Heavy Heart
- Macro Mirage
- Loss Leaders
- Buster Rabbit
- Sitting on Top of the World
- Chapter 11?
- Panning for Gold in the Sewer
- High Finance
- Goin’ Bottom-Fishing
- Twilight Zone
- Foreign Influence
- You Can’t Take It with you
- A Free Market Dispenses
- Back to the Land
- Political Reform
- My Thai Time
- Back to Bangkok
- Thai Farmers Bank
- New Rights Issues
- Strategic Investors
- Penthouse View
- Wham!
- Show Me the Money
- Why Was This Man Smiling?
- Confidence Games
- First Bangkok City Bank
- Less than Zero
- Okay. You Tell Me: Buy, Sell, or Hold?
- Follow-Up
- Bangkok Bank
- Tea and Sympathy
- Another Follow-Up
- Fleecing the Foreigners, Part II
- Pure Export Plays
- Chicken Feed
- Siam Cement
- Do the Right Thing
-
Chapter 5: Hong Kong
-
Part IV: Beating the Odds—Latin America
-
Chapter 8: Is Brazil the Next Domino?
- Flying Down to Rio
- Reach Out and Touch Someone
- Ticket to Ride
- But for the Grace of God . . .
- Sausage Links
- The Painted Box
- Debtor’s Prison
- Soccer Star
- Bossa Novas
- Price Comes Before the Fall
- Mumblety-Peg
- Big Birds of Paradise
- Silence is Golden
- Politician’s Paradise
- Dismantling the Octopus
- Not So Fast, Bub
- Truth or Consequences
- The Privatization Tango
- Untangling the Maze
- The Rumor Mill
- Size Matters
- Eletrobras
- NAV
- Telebras
- Looking Backward
- Breaking Up is Hard to Do
- Cheaper by the Dozen?
- Sweet River Valley, Valley So Low
- Sweet River Shares
- Oh Cicero!
-
Chapter 8: Is Brazil the Next Domino?
-
Part V: The Final Frontier—Africa
-
Chapter 9: Nigeria
- Jewel in the Crown
- Hey Guys! Business or Pleasure?
- Con Artistry
- We Flew by Night
- Moral and/or Ethical Investing
- Idi Amin No More
- Moral and Ethical Quandaries
- Continental Drift
- Highway from Hell
- Multinational Inc.
- The Tax Man Cometh
- The International Packaged Goods Company
- Soap Opera
- Do your Duty
- The Multinational Packaged Goods Company
- Country Assessment
-
Chapter 10: South Africa
- Political Football
- The Strong Man of Africa
- Reality Check
- Risk Premium
- Risk Pool
- Diamonds Are Forever?
- Political Risk Personified
- De Beers Consolidated Mines Ltd.
- The Diamond Club
- Trust Busters
- Playing Monopoly
- Diamonds Are a Girl’s Best Friend
- Breaking Away
- Russian Roulette
- The Glittering Pipeline
- Turning Off the Tap
- Black Chips
- Black Chip, Blue Chip, Red Chip, New Chip
- A Black-and-Blue Chip
- A Hero’s Welcome
- Water into Wine
- Eco-Okay
- Polifin
- Engen
- Tongaat-Hulett Group
- The Magnificent Seven
- Africa the Beautiful
-
Chapter 9: Nigeria
- Conclusion
- Author’s Note
- Index
Product information
- Title: Passport to Profits: Why the Next Investment Windfalls Will Be Found Abroad and How to Grab Your Share
- Author(s):
- Release date: February 2012
- Publisher(s): Wiley
- ISBN: 9781118153840
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