October 20, 2006 –
The above question was posed to me by a reader about a week ago. I personally replied to him that I have been looking but haven’t yet identified any African companies that have a compelling enough risk/ reward setup for me. However,another way to gain exposure to emerging nations while limiting your downside risk is to invest in companies in developed countries that are investing in Africa. So I do hold several of these types of companies. I’ll be discussing one of them here on my blog next week.
Oh, I forgot it’s still Friday and that I promised all light-hearted entries every Friday, so click here to watch a fairly amusing YouTube video of “Free Hugs in Corea”, or click on the photo to the right to watch it (keep an eye out for the girl who walk towards the “free hug” guy in front of the Haagen Dazs ice cream store, only to be pulled away by her jealous boyfriend. It’s priceless.) Have a great weekend everyone.
