5: Mark Mobius. CEO Mobius Capital Partners

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 9 June 2020

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark Mobius, who has been referred to as the Godfather of Emerging Markets, was named as one of the 50 Most Influential People in 2011. Author of several books, he received the Life Time Achievement Award in Asset Management, started the Templeton Emerging Markets Fund which grew to $40 billion, and in 2018 opened Mobius Capital Partners.

He describes being born in New York to German and Puerto Rico parents, his degree from Boston University, a PhD from MIT, and studying in Japan in the 1960s. He talks about his journey from academic life to research and then asset management, and the opportunity to join legendary investor Sir John Templeton and create their emerging market fund, as well as sharing some lessons and advice learned from him.

He discusses his investment approach, the opportunities and pitfalls of investing in developing markets and navigating a passage which can include volatile currencies and regime change. Against consensus he explains why it is important to visit countries and companies you are investing in as opposed to relying on conference calls. He reflects on the approaches taken to deal with Covid 19, his preferred investing destinations today, and why shareholder activism is becoming a powerful force in emerging economies.

Before sharing the tale of his escape from a shoot-out in the Philippines, he offers some honest but direct advice for the young thinking about careers.

Transcript

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0:00.0	Welcome to the Money Maze podcast. I'm Simon Brewer, and we've created this show to explore and unravel some of the mysteries surrounding the investment business.
0:19.3	And we hope through direct and insightful interviews with
0:22.3	masters of the real-life money maze, we're going to learn about different approaches to
0:27.5	allocating capital, making investment and business decisions, and navigating the pitfalls that line
0:34.2	the paths to prosperity. Whether you're a current or aspiring investor or a student
0:39.3	exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for
0:45.6	listening. So my guest today has an extraordinary investing pedigree. He's been referred to as the
0:54.1	godfather of emerging markets
0:55.9	and was named as one of the 50 most influential people in 2011. Recipient of the Lifetime
1:02.3	Achievement Award in Asset Management, author of several books, he served on the World Bank's
1:07.7	Global Corporate Governance Forum and has dodged bullets during a military
1:11.8	coup whilst in the Philippines and managed $40 billion for temporal asset management
1:17.5	and in 2018 started Mobius Capital Partners. Mark, welcome today to the Money Money
1:23.4	My podcast. Thank you. It's pleasure being with you. Mark, I've been investing for 35 years.
1:29.0	I have to say, this is a real thrill and an immense pleasure to have you here. So I'm very
1:33.6	intrigued about lots of things. And maybe we could start with your early days. I believe you're
1:38.0	born in New York to German and Puerto Rican parents, which is an exotic combination.
1:43.2	So how did that shape your upbringing?
1:45.5	Oh, it had a tremendous impact because these people coming from the old world, particularly my
1:51.0	father, German, and even my mother, being a Spanish background, these people were much more
1:57.0	conservative than our neighbors in America, although at that time, Americans were not
2:02.2	so much in debt as they are now. But I remember they never borrowed any money, paid everything
	...

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