Passport To Profits Quotes

“The main reason that we felt positive was because all of the trends were so negative. This was not just to be stubbornly or rigidly contrarian—because being a true contrarian means not to go slavishly against the grain, but to be always independent in your thinking. It was simply that we and the short-term smart money were operating according to different time frames.”
― Mark Mobius, Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share

“it’s surprising the depths of ignorance and naïveté that made so many otherwise intelligent people believe that a centralized bureaucracy might be a socially superior vehicle for managing the production and distribution of goods and services than a private firm that must compete with rivals to deliver the same services or make the same products.”
― Mark Mobius, Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share