Full description not available
T**N
Great for what it is
This is a book you have to take at face value - it's a simplified manga overview of a complex individual. As such, the book aspires only to introduce the reader to Mark Mobius to the lay reader, and lightly cover his background. Think of it as a "Mobius for Beginners."In this, the book succeeded. In an hour, you can learn about Mobius, his background, his travel-intensive approach to investing, and how he has done in his career. This is neither an in-depth biography on Mr. Mobius, nor a textbook on emerging markets investing. Then again, it wasn't intended to be.
-**-
Product description needs help
In the above it is started "He joined Templeton in 1987 as president of the Templeton Emerging Markets Fund with assets under management totaling US$100 million. Now his team manages about US$40,000 million. That's a growth of 40,000% over the last 20 years."This is a loss of about 60% of the capital. If we cannot believe the author on this, how can we trust anything else they say in the product description?In any case if the real numbers show that there was a growth of thousands of percents. It would only mean something to us as investors if the original capital grew to a larger figure. In the above case this just shows his ability to attract new capital, which is really only a concern of his bosses at Ben Franklin. How does that help individual investors or shareowners in Mobius's original emerging market funds (EMF) and (Temit)?"Moreover, he and his team have received over 100 accolades." Big deal he runs their retirement accounts. Is there a conflict of interest here?I am afraid this product review misses the point completely.
Y**A
Manga-type biography of a finance icon
Certainly not the first economic/finance book using comic style that I've read. But, the manga style proved the be the first for me and so far the best at conveying the topic in a comic book format. It is a short biography of Mark Mobius, and a crash course to investing in emerging market countries. There are plenty of historical examples where Mobius had encountered various situations that called for important investment decisions and his rationale behind them. Also illustrated in the manga, side stories that adds to the overall nuance of the biography.
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