Headlines are rarely kind to Latin America: hyperinflation, currency crises, political and economic ...
Headlines are rarely kind to Latin America: hyperinflation, currency crises, political and economic chaos in Argentina and Venezuela. Thankfully, however, the returns to Latin American investors have been kind, primarily because many funds invest in companies not economies. It is difficult not to admire Latin American companies. These are companies that have had to live through years of hyperinflation, devaluation, governmental price manipulation, sky-high real interest rates and recession/depression. This volatile economic background means that the cost of capital is high. Conseq...
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