Mark Mobius
person on 2 shows · 15 statements across 1 episodes · said 1 times in 1 episodes since 2017
Capital Allocators 1 
the Neon Show
On the record as a speaker too: Mark Mobius across every show, appearances and statements → this page counts the times other people say the name.
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Capital Allocators 1
2017 1 mention in 1 episode
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15 statements about Mark Mobius, every show
Mobius: Saving cash and strictly avoiding debt is key to wealth
“One of the secrets I believe to becoming wealthy is learning how to save and not borrowing. I remember my father and mother always said, never borrow. If you're going to buy something earn the cash, save, and then buy, but don't borrow.”
Mobius: Creativity matters more than studying finance to build wealth
“Creativity is a, really a critical part of earning money because If you're going to be successful in finance, you have to be creative. You have to be able to think of new things. You have to create new ideas. And so that background in art, you know, a lot of p…”
Mobius: Templeton hired him in 1987 to launch $100M emerging markets fund
“87 is when John Templeton hired me to start the very first emerging markets fund. That was a hundred million dollars listed in New York, and I opened a small office in Hong Kong to begin the research.”
Mobius managed $60 billion in assets across emerging markets at peak
“At one point, I was running sixty billion dollars in emerging markets.”
Only six emerging markets were open to foreign investors in 1987
“When we started that emerging markets fund the only markets were open at that time. Were Hong Kong, Philippines, Malaysia, Singapore Thailand, and Mexico. That was it. All the other, of course, that time, China was closed. Russia was closed. Most of Latin Amer…”
Mark Mobius's net worth was only $200,000 to $300,000 at age 50
“Probably at that time it was in the area of 200,300 thousand, like that.”
Mark Mobius clarifies he is a millionaire, not a billionaire
“By the way, I'm not a billionaire. I'm a billionaire, maybe in a Turkish lira, but I'm a millionaire, not a billionaire.”
Mobius scaled his net worth from $10M to $100M in five years
“Oh, about five years, you know, that's it. Yeah. Because, you know, the market was doing very well. Things were going up and we were able to make good money.”
Mobius: China and Russia were historically his biggest winning markets
“China was a very, very big winner for us and Russia, by the way, we were invested in Russia and that did very well. Then only later that India started coming up and becoming important.”
Taiwan and India are Mobius's top two country asset allocations
“Taiwan and India would be the top two followed by Korea. And then Turkey, Brazil, South Africa, those were the countries.”
Mobius exited most Chinese positions due to state-owned enterprise policies
“So that's the reason why we really exited most of the positions in China, but we're still looking at China. We think China still has great opportunities going forward.”
Mobius allocates 20% of his portfolio to India and 20% to Taiwan
“The largest portion, about equal to India, Taiwan.”
Mark Mobius allocates only 2% of his personal portfolio to startups
“Very small part. I would say only about two percent of the total. Very small. And that startups would be in startup funds. You know, it's companies funds that invest in startups.”