Episode #300: Greatest Thought Present – Geoffrey Batt, Euphrates Advisors, “You Get Used To The Terrorism Downside And You Simply Begin To Focus On The Firms”

 

 

 

 

 

Visitor: Geoffrey Batt has been investing on the Iraq Inventory Trade since January 2008. In October 2010, Mr. Batt launched the Euphrates Iraq Fund. Previous to his Iraq investments, Mr. Batt was an analyst at Quantrarian Capital Administration. He’s a Senior Advisor to the Atlantic Council’s Job Power on the Way forward for Iraq. Mr. Batt studied philosophy at Columbia College.

Date Recorded: 3/17/2021

Run-Time: 1:27:11

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Abstract: In episode 300, we welcome our visitor, Geoffrey Batt, managing associate and founding father of the Euphrates Advisors, the place he invests in Iraqi equities. In at the moment’s episode, we’re protecting Geoffrey’s greatest concept: investing within the Iraqi inventory market.

Geoffrey begins by telling us how studying about Daniel Cloud’s post-Soviet Union Russia fund led him to look all over the world to seek out someplace he may earn big returns, which led him to Iraq. He offers us an outline of the market and financial system and the way it’s rebounded since Saddam Hussein died. Then he walks us via all the pieces he’s needed to cope with since he first invested there in 2010 – political instability, a 20% forex devaluation, damaging oil costs, and an Iraqi inventory market that closed in response to COVID. We discuss concerning the tailwinds for Iraq, together with the expansion of the banking sector and ESG, which Geoffrey believes is bullish for oil.

Make certain you stick round till the top to listen to about Geoffrey’s first journey to Iraq, when he was driving to go to with an organization and was pressured to show round due to a automotive bomb.

Please get pleasure from this particular “Greatest Concepts” episode with Euphrates Advisors’ Geoffrey Batt.

Hyperlinks from the Episode:

  • 0:39 – Intro
  • 1:43 – Welcome to our visitor, Geoffrey Batt
  • 3:11 – How a philosophy main like Geoffrey ended up an investor
  • 9:25 – Adventure Capitalist: The Ultimate Road Trip (Rogers); Investment Biker: Around the World with Jim Rogers (Rogers); An Empire of Wealth: The Epic History of American Economic Power (Gordon)
  • 10:12 – Parallels between investing, philosophy, and management
  • 11:57 – Dropping curiosity in philosophy and pursuing a profession in finance
  • 14:28 – Russian perception and settings his sights on Iraq
  • 19:33 – The tip of civil struggle and the restoration of stability
  • 22:58 – Dimension of the Iraqi inventory market
  • 23:46 – Early days of the fund and a macro evaluation of Iraq’s market
  • 28:03 – Classes discovered from a frontier market’s entrepreneurial class
  • 31:15 – Baghdad Delicate Drinks
  • 33:27 – Persevering via an informational asymmetry in 2010
  • 37:23 – Buyers fortifying their market positions amidst the rise of ISIS
  • 39:52 – COVID-19 and its results on Iraq in 2020
  • 41:54 – Sending month-to-month newsletters to shoppers about inside Iraqi affairs
  • 44:44 – What distinguishes this frontier market from different markets on this planet
  • 46:08 – Discovering alternative within the devaluation of their native forex Dinar
  • 52:22 – The long run for the Iraqi market and what it’ll take for world acceptance
  • 56:09 – Dallas Fed Quarterly Energy Survey
  • 1:01:51 – The Meb Faber Show – Episode #294: Dan Rasmussen, Verdad Advisers, “A Lot Of These Regime Changes Happen Around Recessions And Crises” 
  • 1:02:14 – What’s on the horizon for the Iraqi inventory trade and find out how to spend money on it
  • 1:07:18 – The emergence of an early-stage tech scene in frontier markets
  • 1:10:05 – Regional publicity to corporations working inside Iraq’s borders
  • 1:13:42 – Native fairness and funding tradition among the many locals
  • 1:15:23 – Geoffrey’s most memorable moments investing in Iraq
  • 1:22:51 – The media’s portrayal of Iraq versus how it’s while you’re there
  • 1:24:17 – Be taught extra about Geoffrey; euph.com; Twitter @geoffreysbatt

Transcript of Episode 300:

Coming quickly.

 

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