Readers of Mark Mobius’s book Passport to Profits will know of the 84 ‘Mobius Rules’ to emerging markets investing, which the investment guru has crafted over 21 years running the asset class for Templeton Asset Management.
After attending a luncheon with the globetrotter who has built a career from buying up cheap stocks, Unbalanced thinks he should pen another rule. Mobius Rule No. 85: Never, ever, leave a bargain on the table because it’s liable to be snatched away. Mobius was understandably hungry after delivering a presentation on the outlook for frontier markets while those in attendance munched sirloin beef and sipped some red before setting upon a tasty chocolate soufflé from the Sydney- Hilton kitchen.
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