Passport to Profits Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised and Updated

BEmerging market investment advice from a seasoned pro/b Mark Mobius, the man the iWall Street Journal/i 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 iPassport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share, Revised Edition/i, 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, iPassport to Profits/i 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./ ulliIllustrates the four keys to determining if a country is investment-friendly and how to gauge political climates for great investment opportunities/liliAnalyses the 2008 crisis and its implications for the development of the emerging financial markets/liliExplains the rules for investing abroad that too many investors fail to understand/li/ul An adventurous and honest insight into the art of investing in emerging international markets, iPassport to Profits/i 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.;""Contents""; ""Title""; ""Copyright""; ""Preface""; ""Acknowledgments""; ""Part I: On the Frontier of Emerging Markets""; ""Chapter 1: Introduction to Emerging Markets""; ""Why Seek New Frontier Markets?""; ""Attractive Investment Opportunities""; ""Do your Research""; ""Where Are These New Markets?""; ""Argentina""; ""Chile""; ""Peru""; ""Cambodia""; ""Vietnam""; ""Bashkortostan Republic""; ""Kazakhstan""; ""Slovenia""; ""Romania""; ""Libya""; ""Chapter 2: Hope, Growth, and the Investing Process""; ""FELT""; ""Putting on My FELT Hat, Puttinâ€TM on the Ritz""; ""The Basket Boom"" ""Contents"" ""Title"" ""Copyright"" ""Preface"" ""Acknowledgments"" ""Part I: On the Frontier of Emerging Markets"" ""Chapter 1: Introduction to Emerging Markets"" ""Why Seek New Frontier Markets?"" ""Attractive Investment Opportunities"" ""Do your Research"" ""Where Are These New Markets?"" ""Argentina"" ""Chile"" ""Peru"" ""Cambodia"" ""Vietnam"" ""Bashkortostan Republic"" ""Kazakhstan"" ""Slovenia"" ""Romania"" ""Libya"" ""Chapter 2: Hope, Growth, and the Investing Process"" ""FELT"" ""Putting on My FELT Hat, Puttinâ€TM 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"" ""Letâ€TMs Look on the Bright Side"" ""Market Risk"" ""Five-Year Plan"" ""The Importance of Being Contrary"" ""Fear and Greed"" ""Templetonâ€TMs Law"" ""The Asian Spin Cycle"" ""Ground Zero"" ""Growth"" ""Mass Communications"" ""Leapfrogging Technology"" ""Foreign Aid Thatâ€TMs 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 Boomâ€"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"" ""Womenâ€TMs 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"" 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.

Praise for Passports to Profits

"As the world's best known emerging market investor, Mark Mobius has been circling the globe for 25 years looking for new experiences and new opportunities. If you ever wondered what it takes to do his job, look no further. Passport to Profits has it all— investment advice, war stories, traveller's tales, and survival tips. This is an essential handbook for anyone looking to understand why emerging markets have been the most exciting place to invest for the last quarter of a century." —Jonathan Davis, Columnist, Financial Times; author of Templeton's Way With Money; investment professional; and founder, Independent Investor LLP

"Passport to Profits is a remarkable book. It combines practical investment rules from one of the most successful investors of our time with an often hilarious first-hand account of Mobius' long hours of field work as he searches for profitable investments. The book is a must-read for anyone in the investment business, potential investors in emerging market funds, as well as economists and historians looking for an eyewitness narrative of a transformative period in the history of the world." —Paul Bernard, retired Partner and Co-Director, Asia-Pacific Investment Research, Goldman Sachs

"A worthy and definitive account of emerging market economies and the investment opportunities they present. The text is accessible and informative throughout, as well as entertaining and enjoyable in Mr. Mobius's characteristic style. The insight herein is valuable for another reason too: its passionate embrace of the free-market principles that remain the world's most reliable means of securing economic development and societal well-being."—Professor Moorad Choudhry, Department of Economics, London Metropolitan University

Dubbed "the King of emerging market funds" by The Wall Street Journal, Mark Mobius is a master at picking international stocks. Since 1987, he has managed billions in Franklin Templeton fund assets, recording returns that are the envy of the industry. Now, In this entertaining insider's guide, Mobius shows readers how to: -- locate foreign industries with the greatest growth potential -- determine the best times to buy and sell -- spot the companies that are about to hit it big -- separate the killer moves from the ones that will eat you alive -- and more.