65 - Why I don't invest in Russia or China
The DIY Investing Podcast · Trey Henninger: Private Investor, Portfolio Manager, Business Strategist, and Value Investing Expert
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Show Notes
- For You: Write down a list of every country which you will exclude from investing for reasons such as this or similar. Stick to it.
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- Corruption
- Property Rights
- Government Ownership of Means of Production
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Show OutlineThe full show notes for this episode are available at https://www.diyinvesting.org/Episode65
Two Key Characteristics Shared by Russia and China- High Government ownership of key businesses
- Could lead to corruption
- Businesses could be influenced to make uneconomic investments
- I can't trust the numbers. (Due to the communist government)
- Corporate frauds are more common
- Both Russia and China have a critical lack of property rights.
If you are going to make any investment you need to be sure that your principal is safe and a reasonable return on your investment is likely. Lack of strong property rights threatens my principal and government control of businesses threatens my reasonable rate of return.