Mark Mobius blasts APP, Greenpeace echoes
HOW I’D INVEST $100,000 RIGHT NOW: Right now, I’d put all of it in emerging markets. Stocks in emerging-market countries have come down by about 10% over the past year and the fundamentals are terrific. Those countries now have better financial statistics than the developed ones—lower debt-to-GDP levels, more foreign currency reserves and they’re growing faster. The stars are all aligned.
WORST INVESTMENT: An Indonesian company called Asia Pulp and Paper. We probably lost about 25% of what we put in. The family who controlled the company basically took money out and put it into a Cook Island bank that had the same name as a legitimate bank.