More Than Camaradarie

Those who follow BCM know that I've been watching Russian equities for some time.  In the past, I've joked that Russia has more to offer than just stiff vodka and camaraderie -- but it's true.   For example, Russia has vast deposits of natural resources including coal, timber, minerals, and natural gas.  A little-appreciated fact … Continue reading More Than Camaradarie

Russia Looks Rich & Cheap

In the previous post, I made the long-term case for commodities. In this post, we'll consider an indirect way to get exposure to them. It's common knowledge that emerging market economies tend to be correlated with commodity prices. That's because emerging markets are often dependent on the export of natural resources, making them "banana republics," … Continue reading Russia Looks Rich & Cheap