Home Stock market Episode #300: Best Idea Show – Geoffrey Batt, Euphrates Advisors, “You Get Used To The Terrorism Problem And You Just Start To Focus On The Companies” | Meb Faber Research

Episode #300: Best Idea Show – Geoffrey Batt, Euphrates Advisors, “You Get Used To The Terrorism Problem And You Just Start To Focus On The Companies” | Meb Faber Research

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Episode #300: Greatest Concept Present – Geoffrey Batt, Euphrates Advisors, “You Get Used To The Terrorism Drawback And You Simply Begin To Focus On The Corporations”

 

 

 

 

 

Visitor: Geoffrey Batt has been investing on the Iraq Inventory Trade since January 2008. In October 2010, Mr. Batt launched the Euphrates Iraq Fund. Previous to his Iraq investments, Mr. Batt was an analyst at Quantrarian Capital Administration. He’s a Senior Advisor to the Atlantic Council’s Activity Pressure on the Way forward for Iraq. Mr. Batt studied philosophy at Columbia College.

Date Recorded: 3/17/2021

Run-Time: 1:27:11

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Abstract: In episode 300, we welcome our visitor, Geoffrey Batt, managing accomplice and founding father of the Euphrates Advisors, the place he invests in Iraqi equities. In at present’s episode, we’re overlaying Geoffrey’s greatest concept: investing within the Iraqi inventory market.

Geoffrey begins by telling us how studying about Daniel Cloud’s post-Soviet Union Russia fund led him to look all over the world to seek out someplace he might earn enormous returns, which led him to Iraq. He provides us an outline of the market and financial system and the way it’s rebounded since Saddam Hussein died. Then he walks us via every thing he’s needed to take care of since he first invested there in 2010 – political instability, a 20% foreign money devaluation, detrimental oil costs, and an Iraqi inventory market that closed in response to COVID. We discuss concerning the tailwinds for Iraq, together with the expansion of the banking sector and ESG, which Geoffrey believes is bullish for oil.

Be certain you stick round till the top to listen to about Geoffrey’s first journey to Iraq, when he was driving to go to with an organization and was pressured to show round due to a automobile bomb.

Please take pleasure in this particular “Greatest Concepts” episode with Euphrates Advisors’ Geoffrey Batt.

Hyperlinks from the Episode:

  • 0:39 – Intro
  • 1:43 – Welcome to our visitor, Geoffrey Batt
  • 3:11 – How a philosophy main like Geoffrey ended up an investor
  • 9:25 – Adventure Capitalist: The Ultimate Road Trip (Rogers); Investment Biker: Around the World with Jim Rogers (Rogers); An Empire of Wealth: The Epic History of American Economic Power (Gordon)
  • 10:12 – Parallels between investing, philosophy, and management
  • 11:57 – Shedding curiosity in philosophy and pursuing a profession in finance
  • 14:28 – Russian perception and settings his sights on Iraq
  • 19:33 – The top of civil struggle and the restoration of stability
  • 22:58 – Measurement of the Iraqi inventory market
  • 23:46 – Early days of the fund and a macro evaluation of Iraq’s market
  • 28:03 – Classes discovered from a frontier market’s entrepreneurial class
  • 31:15 – Baghdad Mushy Drinks
  • 33:27 – Persevering via an informational asymmetry in 2010
  • 37:23 – Traders fortifying their market positions amidst the rise of ISIS
  • 39:52 – COVID-19 and its results on Iraq in 2020
  • 41:54 – Sending month-to-month newsletters to purchasers about inside Iraqi affairs
  • 44:44 – What distinguishes this frontier market from different markets on this planet
  • 46:08 – Discovering alternative within the devaluation of their native foreign money Dinar
  • 52:22 – The long run for the Iraqi market and what it’ll take for world acceptance
  • 56:09 – Dallas Fed Quarterly Energy Survey
  • 1:01:51 – The Meb Faber Show – Episode #294: Dan Rasmussen, Verdad Advisers, “A Lot Of These Regime Changes Happen Around Recessions And Crises” 
  • 1:02:14 – What’s on the horizon for the Iraqi inventory trade and tips on how to put money into it
  • 1:07:18 – The emergence of an early-stage tech scene in frontier markets
  • 1:10:05 – Regional publicity to firms working within Iraq’s borders
  • 1:13:42 – Native fairness and funding tradition among the many locals
  • 1:15:23 – Geoffrey’s most memorable moments investing in Iraq
  • 1:22:51 – The media’s portrayal of Iraq versus how it’s once you’re there
  • 1:24:17 – Be taught extra about Geoffrey; euph.com; Twitter @geoffreysbatt

Transcript of Episode 300:

Coming quickly.

 





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