The Bullish Case for Russian Stocks
From an international investor’s perspective, is there any actionable investment idea resulting from oil prices north of $80 dollars per barrel? Short answer…yes! For the purposes of this discussion, I want to focus on Russia.
Investing doesn’t have to be super-complicated. All other things being equal, an investor should prefer investing capital with a company that is making solid capital investments relative to a comparable company that is cutting capital investments. This is the very essence of why markets exist in the first place: the allocation of capital to the best projects. This is true on the macro level as well. A country that is making investments today in order to prosper tomorrow should be preferred to a country that is consuming today at the expense of tomorrow. This brings me to the focal point of this discussion: Russia.
Investing, Long Term Investment, stock market | admin March 4, 2010
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