Best Idea Show – Geoffrey Batt, Euphrates Advisors – You Get Used To The Terrorism Problem And You Just Start To Focus On The Companies | #300

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 7 April 2021

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode 300, we welcome our guest, Geoffrey Batt, managing partner and founder of the Euphrates Advisors, where he invests in Iraqi equities. In today's episode, we're covering Geoffrey's best idea: investing in the Iraqi stock market. Geoffrey begins by telling us how learning about Daniel Cloud’s post-Soviet Union Russia fund led him to look around the world to find somewhere he could earn huge returns, which led him to Iraq. He gives us an overview of the market and economy and how it’s rebounded since Saddam Hussein died. Then he walks us through everything he’s had to deal with since he first invested there in 2010 – political instability, a 20% currency devaluation, negative oil prices, and an Iraqi stock market that closed in response to COVID. We talk about the tailwinds for Iraq, including the growth of the banking sector and ESG, which Geoffrey believes is bullish for oil. Be sure you stick around until the end to hear about Geoffrey’s first trip to Iraq, when he was driving to visit with a company and was forced to turn around because of a car bomb. Please enjoy this special “Best Ideas” episode with Euphrates Advisors’ Geoffrey Batt. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor Show, where the focus is on helping you grow and preserve your wealth.
0:11.0	Join us as we discuss the craft of investing and
0:13.5	uncover new and profitable ideas all to help you grow wealthier and wiser.
0:17.2	Better investing starts here.
0:18.8	Matt Faber is the co-founder and chief investment officer at Cambria Investment Management.
0:23.3	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:27.2	All opinions expressed by podcast participants are solely their own opinions and do not reflect the opinion of
0:31.2	Cambria Investment Management or its affiliates.
0:33.4	For more information, visit Cambria Investments.com.
0:39.6	What's up everybody?
0:40.6	Another awesome show today in our best idea series our
0:45.4	guest is the managing partner and founder of Euphrates advisors where he
0:49.0	invests in and his best idea is Iraqi stocks.
0:53.4	In today's episode, our guest begins by telling us how learning about Daniel Cloud's post-Soviet
0:57.7	Union Russia Fund led him to look around the world to find somewhere he could try to
1:01.7	earn huge returns, which led him to Iraq.
1:04.4	He gives an overview of the market, the economy, how it's rebounded since Saddam Hussein
1:08.8	died. Then he walks us through everything he's had to deal with since he first invested
1:12.4	there in 2010.
1:13.7	Political instability, currency devaluations, negative futures oil prices, and an Iraqi stock
1:20.0	market that closed in response to COVID. We talk about the tailwinds for Iraq,
1:24.0	including the growth of the banking sector and ESG which he believes is bullish for
	...

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