User 256461

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  • Hedge Fund Manager's Notebook: Blood on the Streets - Buy Russia
    "somebody ought to figure out how much russia defaulted on monies owed since ww1"
    -Very little. The major default was in 1998, with the help of seven years' worth of yankee "advice" on restructuring their economy. After Putin came to power, the country paid back all debts ahead of schedule in 2003 and is now a net creditor.
    "Russian population will be only
    100 million in 40 years."
    -Population projections indicate that the population will stabilize around 135 million within 5-10 years before starting to grow again.
    "Europe only buys 25% of gas in Russia."
    -No, you're wrong. Europe buys around 25% of oil from Rus and 40% of gas from Rus. Replacing both would be difficult, especially gas, because infrastructure doesn't exist. From what I hear, European customers (e.g. Germany) have good relationships with Russian suppliers. The only problems that crop up are in places where pro-American governments have been installed (Ukraine, Georgia, Poland).
    -If you want to understand the mindset, you first need to understand that it's not business as usual. There's a long term goal over there of modernising and rebuilding the economy. That means that cash cow industries like the energy industry will be used to fund the whole process, preferably without foreign involvement (why would they want foreign companies sending profits out of the country if Russian companies can do the same projects and keep the profits within the country?). I agree with some posters that the mindset is a little strange - perhaps paranoid and oversensitive, and working with Russians can be a bizarre experience. The right approach is patience. The country has huge natural resources, a stable government, a highly educated population, and has made strong advances in IP rights, taxation reform, corporate law, etc. over the last twenty years. Even the CIA Factbook says so. I think much of the negative image in the Anglo-American world has to do biased media reporting, rather than actual events in Russia. I watch news channels from a dozen countries around the world and the only ones that inevitably portray Russia as evil, corrupt, repressive, etc. are CNN, Fox, and Sky. Don't let yourselves be brainwashed.

    Sep 05 15:24 pm |Rating: 0 0 |Link to Comment |View article

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