China frequently confounds stock market prognosticators because it has a penchant for straying markedly from other broad global indexes year-by-year over the decades - even from emerging markets. It's hit or miss.
There's no such thing as a favorite investment. But I think I tend to invest in Asia in promising countries, in equities, in real estate, and I own precious metals, obviously.
The reason we invest globally is because we think that's where a lot of the growth is happening: around the world.
I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.
We have a broad range of investments. Anyone who invests in emerging markets around the world has investments in Russia. This is a tiny portion of our portfolio.
If you can't make 40% on your money in Russia, you're a fool.
I can tell you that today 99% of my investments are in Brazil and will remain here.
Most people are under exposed to global assets, including foreign stocks, bonds and currencies.
