We were investing at this terrible time when emerging markets were all going down, some by 90-odd percent, and we are now benefiting from that, ... You had one crisis after another. You had Russia, Brazil, Thailand. We were investing in all of them.
More Quotes from Mark Mobius:
It's quite difficult to ascertain the real hits on earnings, as a lot will depend on how fast the government is to implement the new price mechanism, and how high oil prices will go from here.Mark Mobius
We're very bullish on emerging markets right now because of valuations, ... Valuations are so reasonable it makes sense to put money in.
Mark Mobius
It's, of course, not a good time to sell, but I also warn (investors) that it is now selling at a big premium to its net asset value, ... So, it's six of one and half a dozen of another -- very difficult to say.
Mark Mobius
It is unfortunate that Ronnie Chan got tied up in the Enron situation, ... It is quite unfair to blame independent directors who have to depend on the external and internal auditors who are supposed to be giving independent and capable reports.
Mark Mobius
We were excited about Hong Kong two years ago and we put a lot of money there. Now we're more cautious because we're finding better bargains elsewhere. Quite frankly, we're investing in China.
Mark Mobius
Their foreign reserves are down, ... Usually when governments claim they will not devalue, just the opposite occurs (and) if the ruble is devalued then there will be political fallout, so I think they must protect the ruble at all costs.
Mark Mobius
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