In this second episode segment, Larry Speidell, founder and CIO of Frontier Global Partners focuses on personal stories, travel experiences, and deeper insights into frontier markets.
For example, Speidell praises Botswana's development, aided by diamond discoveries, but also discusses the "resource curse," where reliance on natural resources can hinder broader economic growth.
Speidell's firm does not shy away from politically unstable countries such as Peru and Georgia. In such environments, he says, strong companies can thrive, and investors must be patient.
Larry describes the transformative impact of mobile technology in frontier markets, such as Kenya's M-PESA, a banking app that greatly helps the previously "unbanked" to make a living.
The episode blends investment insights with cultural reflections, emphasizing patience, optimism, and the human side of global investing.
Financial Thought Exchange Podcast