Passport to Profits: Why the Next Investment Windfalls Will Be Found Abroad and How to Grab Your Share - Softcover

Mobius, Mark; Fenichell, Stephen

Softcover

ISBN 10: 0446676055 ISBN 13: 9780446676052

Publisher: Business Plus, 2000

Synopsis

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 time to make a killing. Reprint.

About this title

Review

With nerves of steel and a cool head, mutual-fund manager Mark Mobius travels the globe in search of good, undiscovered companies in risky, emerging markets. In Passport to Profits, he takes you on a enlightening international tour, from Estonia to Russia to Nigeria. He shows you how he's established a winning long-term record at Franklin Templeton funds, up an average 20 percent a year between 1987 and 1997. "I'd toured rubber plantations in Thailand and road-tested bikes over the pothole-ridden roads of rural China. I'd choked on roasted camel's meat, sheep's eyeball, guinea pig and dined (surprisingly well) on scorpions on toast," Mobius writes, "all to find undervalued companies before other investors do. I think you could safely say that I'm driven."

Like his mentor, the famed Sir John Templeton, Mobius believes in buying stock at the peak of pessimism and believes that the economic turmoil overseas in the late 1990s may signal an opportunity. The author lays out more than 80 rules for investing in developing nations and provides plenty of examples of how he picked winners like Shanghai Dazhong Taxi Co., Ltd. and was burned by Cukurova, a Turkish utility, and other losers. Passport to Profits is a valuable and easy-to-read tour for investors interested in the world's up-and-coming economies. --Dan Ring

From AudioFile

Who could be cooler than Mark Mobius, with his black turtleneck and trademark bald head? The fact that he is the mutual fund manager for the Templeton Group and constantly travels the globe in search of sound, under-valued companies in risky emerging markets is also pretty neat. In PASSPORT TO PROFITS, Mobius lays out 80 ironclad rules for investing in developing nations, and as he jets from Russia to the newly independent Baltic countries to Brazil, he reiterates the fact that developing nations have far more potential for growth than our own country. He also stresses that this is not a game for the faint of heart or for those not willing to do the work. The author's reading captures his enthusiasm, his advice is solid and wise, and even if you have no interest in volatile overseas markets, this audio plays like a great adventure story. M.D.B. (c) AudioFile, Portland, Maine

Edition details

• Publisher: Business Plus
• Publication date: 2000
• ISBN 10: 0446676055
• ISBN 13: 9780446676052
• Binding: Paperback
• Language: English
• Number of pages: 432