The Little Book of Emerging Markets: How To Make Money in the World's Fastest Growing Markets (Little Books. Big Profits)
Format: PDF / Kindle (mobi) / ePub
The information you need to invest in emerging markets, in one Little Book
The world's economies are in a state of flux. The traditional dominance of the G7 countries is being challenged by emerging market nations like Brazil and India, and while investment opportunities in these countries abound, the risks can be extremely high. In this Little Book, Mark Mobius, an internationally-renowned expert on emerging market funds, explains the ins and outs of emerging market investment, providing practical guidance on picking industries and companies likely to win, and explaining why policies and regulations matter as much as balance sheets, how to recognize global contenders, techniques for managing risk, and how to get out at the right time.
The emerging markets are expected to be a key driver of future global economic growth, and with The Little Book of Emerging Markets in hand, you have everything you need to take full advantage of these incredible opportunities.
* Explains how to pick the industries and companies mostly likely to boom, why policies and regulation are key to making intelligent investment decisions, how to recognize genuine opportunities, and much more
* Includes invaluable techniques for managing your risk
* Shows you how to get your money in and out of emerging markets without being burned
The Little Book of Emerging Markets is the perfect little guide to the world's most exciting investment opportunities.
refinement of risk taking. In the socialist lexicon, assuming even a reasonable level of risk taking is called speculation, and is regarded as the root of all evil. But to the committed free marketeer, speculation is a more morally neutral matter of setting your sights on a target in the near future and c09.indd 97 20/03/12 7:49 AM  THE LITTLE BOOK OF E M E R G I N G M A R K E TS running a real risk of being wrong but being more confident of being right. The most lasting lesson I
needed money. So they were skimming and scamming and getting c11.indd 115 20/03/12 7:49 AM [ 11 6 ] THE LITTLE BOOK OF E M E R G I N G M A R K E TS rich in the chaos. This made many ordinary people who were excluded from those deals very angry. But there was also another, more legitimate reason that things were so cheap in Russia back then: No one could be sure which way the wind would blow—toward a viable conversion to a market economy or toward a civil war between would-be capitalists
vodka in Russia, I learned that the company had been investing heavily on marketing and promotion to move into the high-end vodka market and increase sales of its premium-brand vodka not just domestically but also internationally. Despite the government’s efforts to decrease vodka consumption locally by imposing high taxes on vodka, the firm was of the opinion that the crackdown on illegal vodka producers (accounting for as much as 35% of total production) would help legitimate producers such as
it is best to exit—but when everyone is screaming to get out and the stock are cheap, that is the time to buy. When everyone else is dying to get in, get out. When everyone else is screaming to get out, get in. The Example of China Telecom I can still recall the frenzy around the listing of China Telecom in 1997, in the midst of the Asian financial crisis. The New York Times expressed the spirit of the time when it stated: “For investors still willing to try the bumpy ride in Asia, it’s hard to
countries. The International Monetary Fund (IMF) estimated that emerging economies would grow by 6% in 2012, three times faster than the 2% growth estimated for developed countries. c02.indd 9 20/03/12 7:47 AM [ 10 ] THE LITTLE BOOK OF E M E R G I N G M A R K E TS Why the Sudden Growth Spurt? What are the reasons for this uptick in emerging market growth? When a country is growing at 5% and the population is growing at only 1%, then the per capita income increases at a fast rate. This is