The Age of the Unthinkable

The Age of the Unthinkable

Why the New World Disorder Constantly Surprises Us And What We Can Do About It

Joshua Cooper Ramo

Browder’s investment model at Hermitage wasn’t just to buy and sell Russian stocks. It was to buy shares in the most corrupt, worst-run Russian companies and then press them to change. A company whose shares traded at $ 1 because it was overseen and looted by goons could be worth $ 10 a share if it was managed even slightly better. Buy, agitate, sell: this was Browder’s strategy. And, given the people he was dealing with, between “agitate” and “sell” he made sure he had plenty of security if need be.

Link · 689