Monday, February 17, 2014

Russia stocks are very cheap

I would start with Russia, given that it’s one of the most hated markets in the world. 

I first went to Russia in 1966 and came away negative, and I stayed negative for the next 46 years, so it’s been a long-term bear for me. But in recent months I’ve started changing my views and have started buying shares in Russia.

Russia is very, very cheap, and it’s a very neglected stock market with enormous natural resources. 

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.