The Pioneer
The frontier and an appetite for the unknown, goes first.
Mark Mobius embodies The Pioneer because he spent decades literally mapping uncharted investment territory, entering markets when socialism and communism shut most doors and expanding from six countries to seventy through sheer conviction and physical presence.
“And that's a wrong way of measuring it. You should measure it from the peak to the bottom. And as soon as you get to the bottom, it starts moving. You're in a new bull market. And it's a wonderful time to invest because the percentages are in your favor. So that's what I saw.”
“Well, that's one thing we found much to our chagrin, that don't talk to just the top management. We made many mistakes by just talking top management, but you've got to talk to the staff, talk to the customers, talk to competitors.”
“You know, it's really interesting when I rack my brains and try to figure out where I like it the best, I really can't come up with an answer because every place I've been I've liked in some way or another, but probably if you ask me right now where would you like to be and probably would be the beach at Rio de Janeiro in Brazil That migh…”
“Yes, I did. That's right. When I was in Hong Kong, I had a consulting firm, and one of my clients was looking for people to manufacture products. So she had, it was a company in San Francisco called Determined Productions. They had the rights for all of the Snoopy merchandise, all the peanuts merchandise.”
Masters in Business: “Mark Mobius on Emerging Market Funds”
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