Sunday, July 12, 2009

A Rollicking Look at Risk

If you've ever thought of risk as dipping a toe back in the market, check out Robert P. Smith's new book Riches Among the Ruins: Adventures in the Dark Corners of the Global Economy.

Dodging death squads, bandits, mobsters and insurgent IEDs, Smith made a fortune trading obscure emerging market debt with his 'boots on the ground' in 1980's El Salvador and Nigeria, newly capitalist Russia, and war-torn Iraq, among others.

Financial adventurer Smith sums things up nicely with his description of post Soviet Russia:

"It was one of the most chaotic, confusing, corrupt and often murderous economic transformations to ever unfold. In short, it constituted the perfect conditions for me to visit and do some business."

Riches Among the Ruins is a rip-roaring summer read filled with tales from the far edge of risk.

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