Argentina

“Argentina at this time was wealthier than France or Germany. Twice as wealthy as Spain and had one of the top 10 highest GDP per capita of any nation on earth in 1913.”

“From a macro perspective, what Millay is doing is significantly different than what we're seeing in any other emerging market, let alone mature market with respect to fiscal austerity, And appropriateness in this sort of inflationary, global inflationary envir…”

“I wasn't at Davos, but I saw the speech in Davos, and it was about one o'clock in the afternoon in my office. I dialed up perplexity, and I said, give me the five most liquid ADRs in Argentina. It gave me enough of a description That I followed the old Soros r…”

“First of all, I think it's rationalized as being, hey, there's economic excess for a few while the majority are left behind. It's activated by big bureaucracy, by anti-free market principles, and by tax policies and spending policies that will ultimately cripp…”

“His austerity measures by absolutely slashing government spending has reduced monthly inflation from 25% to around, you know, three and a half percent.”

“It's already because of the cuts he's made. They now have a more normal inflation rate, and they've gone from basically being uninvestable to investable as a country.”