Passport to Profits

In this summary you will learn

• Why companies in emerging markets have the potential to achieve high profit, but at a high risk
• How you can protect your investments from high financial instability associated with emerging markets
• Why you should buy stocks that are falling in price

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Why you should read Passport to Profits

Mark Mobius wrote this emerging markets investment bible for major players in the financial industry. Fortunately, he used language that a novice investor can understand. While some of his more than 80 "Mobius rules" for investing may seem simplistic and cliched, Mobius backs up his snappy, one-sentence rules with coherent instructions. The book has a friendly, conversational tone. His adventures visiting less-developed countries where he wants to invest are richly detailed. They offer a real glimpse into how business is conducted in markets such as Russia, Brazil, and Hong Kong. While the book’s focus is toward investors with the means to travel, it shows how even small investors can capitalize on emerging markets. getAbstract recommends this book to anyone in the stock market - particularly those who want to invest in emerging markets, but have no idea where to begin.

About the Authors

Mark Mobius is the manager of the Templeton Emerging Markets Fund. He has master’s degrees and doctorates in fine arts, psychology, political science, and economics from Boston University and the Massachusetts Institute of Technology. Stephen Fenichell  is the author of Plastic: The Making of a Synthetic Century and Other People’s Money. and Other People’s Money.