Mongolian stocks

Politicians in the Third World are mostly greedy people.  The difference with other greedy people is they have political power.  And to get the power, they have to utter trash to appeal to gullible voters.  Trash that sounds patriotic, genuinely concerned and altruistic.  Yet, it is well-known that such scheme often fails because you need a lot of capital to build productive mines after very expensive exploration.  And if you tax the companies heavily to deprive them of a profit, the politicians have forgotten that the business world is competitive.

Why it takes Mongolia such a long time to grasp the facts of world business is puzzling.  The president is Harvard-trained.  Currently its Foreign Minister is coming to Sydney to explain how the government is now making it favourable  for foreign investors.  Unfortunately, how tenable are these contracts when the government changes?

It seems to have learned a lesson so perhaps it is time for me to re-invest in my fallen Mongolian stocks...  And in today's The Australian, a couple of my stocks were mentioned.