“Forget Dollars, Start Buying Rubles”
What has gotten into you - Normally you are a very sane contributor on FR
I’m merely posting the articles. But I do think the writer makes a point, namely contrarian investing. In other words, “buy low, sell high.”
Put in the words of J. Paul Getty, who obviously knew what he was doing when it came to all things money: “Buy when everyone else is selling and hold until everyone else is buying. This is not merely a catchy slogan. It is the very essence of successful investments.”
The ruble has really taken a beating the past few months, and it WILL go back up. Maybe tomorrow, maybe later on.
I don’t do currencies or commodities, but I do invest in equities, and along those lines, last week I picked up some shares of BP awful cheap.