Molson Hart

Levered portfolio strategy is all about limiting the portfolio's overall downswings. In this case, if I buy it, it'll probably be a 5% position. So if a few things like that go horribly wrong at once, it won't be the end of the world.

If you bought the exact low in 2002, you got 500% in two years, 800% in 2006, and 5,000% if you held to the 2017 cycle top. But this just assumes you bought on the default news when it was the major worldwide story.

How’d this stray work in Venezuela haha?

I wasn't trading in the 1990s, so I legit don't know. Were Venezuelan banks listed in the U.S. and what happened to their shareholders? The Caracas stock exchange has been outpacing local inflation in recent years so I'd assume there will be decent recovery there with new gov.

I don’t know tbh. I was referring to the Venezuelan stock exchange and I assumed it got worse when it looked like it couldn’t.

I have a no more than 10% of the portfolio in any one EM country rule. I maybe should have bought more Mexico in Nov. 2016, for example, as I lived there and saw that things were fine despite Trump election panic. But rules are created to avoid Venezuela type black swan fiascos.

I like that 10% number, too. I'm slightly over that in Mexico. I like 7/11 for a Japanese company. Those Chinese airports are tempting. Russian oil pipelines. Thailand would be PTT if I could buy it. Spread the bets, why not.