Mark Mobius, 'Indiana Jones of Emerging Markets,' Dies at 89 | Reuters Mark Mobius, widely credited as a pioneer in emerging markets investing, died on Wednesday at the age of 89, according to a statement on his LinkedIn page. The post did not mention a cause of death. Known as the "Indiana Jones of emerging markets" for his willingness to explore new, sometimes hazardous jurisdictions, Mobius relished the challenge. In his book "Passport to Profits," he wrote, "Volatility is not an enemy to fear but a sign that opportunity is close at hand." Having invested in emerging markets for decades, Mobius was touting new opportunities as recently as January. On Venezuela, he wrote, "with (President Nicolas) Maduro's exit, we may see a new political and economic order and the country could be reopening to investors." His convictions shaped a generation of fund managers and helped draw billions of dollars into markets once dismissed as peripheral. His books, part travelogue and part tutorial, offered an unusually human view of global finance. In 2012's "The Little Book of Emerging Markets," he wrote that behind every balance sheet and stock ticker lies a community struggling to grow: "If you want to understand a market, start with its people." This belief emphasized the importance of on-the-ground observation over abstract theory. He recalled that opportunities revealed themselves during factory visits in Brazil, meetings with privatization officials in Poland, and conversations with shopkeepers in the Philippines. As executive chairman of Templeton Emerging Markets Group, where he worked for over 30 years, Mobius traveled relentlessly, often visiting dozens of countries in a single year in search of undervalued businesses and underappreciated economies.#nicolas_maduro #mark_mobius #john_ninia #templeton_emerging_markets_group #eric_nguyen
