Mark Mobius

NIMs are important and come up frequently during our chat because a NIM is one of the key ways that investors judge how well a bank is doing before they factor in things like, you know, operating costs and bad loan charges and taxes.

We also remember the late Mark Mobius.

He was one of the pioneers of emerging markets investing, and he's the reason that any of us investing in or writing about emerging markets have a job.

Hussein and I both really admired him.

A lot.

A lot.

I'm still disappointed that Mark Mobius died.

That was an investor.

And, you know, in addition to kind of this new product that you're launching with the tax help and compliance, you know, another key theme that we're seeing across emerging market economies and across the world in general is this kind of shifting either on the side of central bank digital currencies or towards the side of stablecoin.

And I think this is really interesting because Lourdes actually just recently published a book that she kind of co-authored with a number of authors, including the late Mark Mobius on this very subject.

And so I think it'd be super fascinating to kind of hear your perspective on how do CBDCs, how does stablecoin impact your business model? And in what ways can you kind of start integrating these new technologies, the cryptocurrencies and digital currencies into your current ecosystem?

Yeah.

And that friendship lasted 18 months before he said, how about working for me? And unfortunately, he passed away three days ago.

His name is Mark Mobius.

He's very well known.

It's all accolades for him.

And there is one quote that I liked.

He believed that you couldn't understand a market from a desk in New York and you had to go there to be able to see.

So what would you say the biggest learning you had from working with Mark Mobius in emerging markets, especially that this is where we are in most of the markets around us?

I said it a minute ago.

William Rhoden of the New York Times and Roy Johnson.

And I'll introduce you to Mark Mobius.

He is an international investor who lives in Hong Kong and Singapore and invests $7 billion in emerging markets around the world.

We begin with the O.J. Simpson trial.

Michael Jordan, back where he belongs.

We'll be right back.

Mark Mobius is here.

He is an interesting man who invests about $7 billion in emerging markets around the world.

But I'm more concerned about developed markets than emerging markets right now.

And finally, a different note, this year we had the passing of a kind of iconic figure of emerging market investing in Mark Mobius.

You, of course, worked with him for a long time.

I was interested to ask for those who do know of him, who follow DM for a long time, what were your kind of key lessons that you took from him?