We will never see a better time to make major investment mistakes, like this time of crisis.
Since that magic moment, when the risk rate of sovereign bonds, which were considered as "zero-risk", went as high as 98%, anything became possible - the safest investments proved to be the most idiotic.
Countries lost their credibility, banks lost their credibility, money lost its credibility.
Money?!
Not having money is bad.
But having money is scary!
Where do we put our money?
I'm sure all my readers would give me a hug if I told them were to place their money.
And, by golly, I will eventually do it, one way or the other, I will tell them something about that, more or less directly.
* FOUR PRINCIPLES
First of all, I will show you how much the kind of advice you want is worth.
First principle: "Don't believe what you read here".
Second principle: "Don't believe what you read anywhere" (you can already see how accurate the first principle is, because it is contained in the second principle and it was therefore unnecessary. so you don't have to believe it, meaning that the first principle is very accurate in what it says here).
The third principle: "Don't believe what Mark Mobius says".
Say whaat?!
Did I just write that?!
How is that possible?!
Well, I did, so deal with it.
Now read the next principle!
The fourth principle: "It's not the Mark Mobius part of that statement that is the most important part, it was just an example, what matters is that you shouldn't believe any guru, no financial magician, no market legend, regardless of whether they're called Soros, Buffett, Yahoo Finance, Googleplex, Standard & Poor's or the Tooth Fairy".
And you will ask: "Why so jaded?"
And I will just shrug: "Well, just because!"
They're running their mouths, y