Molson Hart

Study how legit this is. It's been business as normal for a long time. I've heard Russia is uninvestable a couple times. But just because everyone says something doesn't make it so. I have to figure out the incentives of Putin, essentially?

You live in Thailand. All countries like that periodically fuck the foreigners. In a given year there’s a 5-10 chance if that happening. Can he do that with an oil company or pipeline? Sure. He can also turn off oil to Europe whenever he gets in a fight 10% yield, 5-10% chance

Thailand has % caps on how much stock foreigners can own. But they've never stolen the equity. I've thought of buying a couple companies, but I can't do it with my US broker account so it's not worth the effort. I understand the incentives in Thailand and would invest here.

Same for where I live (Colombia) (and I have invested here). Overly simplistic thinking that all EMs want to screw foreigners and - sadly - is part of why countries with better governance aren't adequately rewarded.

Templeton did very well investing worldwide. And looking at these valuations I can see why.

Colombia's leading bank was selling for less than 7x earnings at the bottom in 2016. GDP still growing at 2%. No significant bad loans. Continuous dividend hikes back to 2002. If you make it through 2008 healthy, was 2016 really going to blow you up? $CIB

Yet many people I talked to about it wouldn't even look at it due to country risk - despite its economy scoring ahead of much of the EU on economic freedom. And why would the government loot a bank that is tied to the country's elite?

Im just saying there are risks. How much of their deposits are drug money? Maybe the us gets a stick up it’s ass about that and hits them with a fine. FARC is fucked but could it come back...etc etc