Russian Stock Market Extremely Hated
Russia is one of the
most hated stock markets in the world, perhaps second only to Argentina,
which is hated more. I have learned, when things like that happen, they
usually put it cheap, Russia has a convertible currency, has a very low
debt, has lots of resources, and when the stocks get knocked down, I
started investing.
Listen, I was very
bearish on Russia for forty six years of my life. I’ve only started
becoming positive on Russia in the last couple of years. I do think I
see opportunities and therefore I’m investing.
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).