Why Monish Should Not Buy Race Ass

Guy: Monish had this foray into Turkey, where he gets incredibly excited about all these unbelievably cheap stocks in the midst of hyperinflation. Can you talk us through where you diverged from Monish on that? And when you look back on it now, whether even though it was the wrong decision in certain ways, not to buy race ass, whether for you, actually it was the right decision given your temperament, your desire to survive and the like. Guy: I'm going to take you through a set of extremely rational, well-thought out reasons why investments in Turkey should not make it into say my portfolio.