
Bill Browder on High Finance, Murder and Justice (Podcast)
Masters in Business
00:00
Investing in the Russian Stock Market
Russia is a unique place. Corruption is endemic. It's not the sort of geography that you really think of when you think of shareholder activism. So i started out with 25 million dollars of saffros money, and then it started going up and up and up. And then all of a sudden, andd for anyone listening to this as whos myage, or near, 19 98 happened. This was the year that russia defaulted and devalued their currency. The currency devalued by 75%. Andind my portfolio on which was above a billion dollars, went down 90 %. I lost 900 million dollars in my client's money. When they saw the that nobody was returning
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