Joel Bowman reckoning today from Buenos Aires, Argentina…
Agora’s own globetrotting value investor, Chris Mayer, recently returned from a fact-finding expedition to the mysterious land of Myanmar, cut off to western investors for the past half century.
‘I found a place much more prosperous looking than official GDP figures and the like would indicate,’ Chris reflected in these pages last week. ‘Traveling here shows you how stupid US sanctions are, too.
‘It just meant that the Myanmarese cozied up more with the Chinese, who imposed no such sanctions. Nor did Thailand, which remains a big trading partner (and gets about 20% of its natural gas from Myanmar). Nor did India. The only thing US sanctions did (and continue to do) is handcuff US businesses from tapping into this market.
‘As far as investment ideas go,’ he continued, ‘I have a strong sense that this is a market where there must be a great opportunity somewhere. In the big-picture sense, the upside for Myanmar is clear.’
Chris Mayer sits down with the witty and insightful host of RT’s Capital Account, Lauren Lyster. Please enjoy…
for Markets and Money
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