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Bloomberg Businessweek Weekend - July 7th, 2023
Bloomberg Businessweek
The Golden Years of Investing in Russia
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We put money to work early in 1994 through the voucher options. By late 94, most of those stocks that we invested in were up eight to 10 times. Companies were running themselves as much as they could like Western companies. Wall Street firms were opening up offices in Moscow. The honeymoon period for Russian markets ended in 1998. It really threw Russia into a bad spot.
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