“It’s Time to Start Nibbling,” Says Legendary Investor

Published on
August 11th, 2022
Duration
50 minutes


“It’s Time to Start Nibbling,” Says Legendary Investor

The Essential Conversation ·
Featuring Maggie Lake and Mark Mobius

Published on: August 11th, 2022 • Duration: 50 minutes

Emerging Markets pioneer Mark Mobius believes a military conflict between China and Taiwan is the most worrying possibility on the macro landscape right now, but that’s not stopping him from picking up opportunities. In his view, the strong U.S. dollar isn’t the ‘wrecking ball’ it’s been dubbed. He’s using a bottom-up approach and a long-term time horizon to spot companies that benefit from having a weaker currency. He’s particularly upbeat about India, Mexico, South Africa and Turkey. Even though he's strong on digital payments, cryptocurrency is one asset class where he’s not a believer. “The price of a crypto is based on faith”, he says, and when people lose faith, “it becomes worthless”. Recorded on August 8th, 2022.