They say buy when “blood’s on the street”, perhaps its time to get into Russian equities…
Unlike most investors, true “contrarians” are essentially value seekers. They wait patiently for the best profit opportunities based on dislocations between the market’s “price” and the underlying intrinsic value. What the “crowd” is doing is of no significance to them. In the words of Mr Buffett – “price is what you pay, value is what…