INTRODUCTION
The Emergence of Emerging Markets
"There are no markets outside the United States!"
The year was 1974. I was a young banker, still wet behind the ears, working at Bankers Trust Company in New York. I had been asked to conduct a study on recycling petrodollars. Helping governments overseas to invest on a truly global basis seemed like a logical concept. But when I interviewed the bank's trust department (at the time among the largest in the United States), an intimidating executive tugged on his red suspenders and wrathfully snarled: "There are no markets outside the United States.
The man had at least two decades of experience in the banking industry on me. My own perspective was, for better or worse, different. I had grown up in Holland and had owned a few shares of Philips, Shell, and Unilever as a boy. Little did my interlocutor at Bankers Trust (nor I, for that matter) know that the great inviolable institution we worked for would one day be taken over by Deutsch ... read full excerpt from: The Emerging Markets Century: How a New Breed of World-Class Companies Is Overtaking the World ebook
Review: Excellente book, it is more clear and complete than his other book MESA and Trading Market Cycles, and it is full of code, that's great...more
Review: This book is worth alot more than the price. Not only does it show you how to open a foreign bank account to buy the dinar at the exchange rate, the author ...more
