Carson Block: Investors Overvaluing Emerging Market Companies
With the current debate over emerging markets going between analysts who think current outflows are justified and others who think EM stocks are too cheap, it’s strange to hear someone say that investors are actually overvaluing them. But Muddy Waters Research founder and CEO Carson Block isn’t talking about the latest trends, he thinks that investors make larger, systematic mistakes when evaluating companies in emerging markets.
“The expectations for those . . .
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