Wednesday, September 7, 2016

Russian government bonds returning great yields

My three shareholdings are all making all-time highs. I own shares of Aeroflot, going through the roof. Moscow Stock Exchange, going through the roof. PhosAgro, big fertilizer. I'm a director. Big fertilizer. Making all-time highs. I mean, how can this be? A country which is a disaster, which everybody hates.

I own Russian government bonds in rubles. The yields are astonishing. And as long as the ruble doesn't collapse or disappear, which it's not doing, at least not at the moment. The yields are beyond comprehension. If I could just have those yields for the rest of my life, I'd be in hog heaven.