My Life in 4 Trades - How Bill Browder Took on Putin’s Oligarchs
Real Vision: Finance & Investing
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What's Your Worst Trade?
In November of 2005, after I've been living there for 10 years and I was now sitting on a fund worth four and a half billion dollars, I'm arrested at Cher-Mechivo Airport. And so what did I do? I evacuated my entire staff and their dependents. And then once they were safely out, we quickly and quietly liquidated everything we held in Russia. And so it went from unrealized to realized gains. They didn't get it. So from a financial perspective, this was the best trade and it was a realized trade. But it was the non-financial stuff that happens next, which is where the nightmare is.
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