Losing it all
“ The future has changed for Russia for a generation and until a new regime is in place . In this context , the price you pay for the shares is no longer a useful yardstick for whether you should invest or not ”
Charlie Parker Managing director at Albemarle Street Partners
shares is no longer a useful yardstick for whether you should invest or not .” Allen agrees , saying there is no point in investing in any business if your assets can be taken from you , “ as far right and far left governments have a propensity to do ”. “ In an example on the other side of the globe , many Latin American oil companies – which were once wellrun , profitable enterprises – have been systematically stripped of value by their respective governments over the last 20 years ,” he adds . “ Investors in South American bonds have in many cases had a similar experience . All of which points us to the often overlooked ‘ G ’ of ESG
Issue 83 - April 2022 / 15 /