2/21/2010

Review of Out of the Red: Investment and Capitalism in Russia (Hardcover)

"Out of the Red"...John T. Connor's analysis of the potential for investment in the burgeoning industrial expansion in Russia is must reading for anyone interested in making any sort of financial commitment there.

Mr. Connor -- and his co-author Lawrence Milford -- do an excellent job of analyzing Russia's transformation from riigidly controlled life under the czars and Stalin into today's free market economy.They also -- in a series of concise but illuminating chapters -- present clearly the risks and rewards of investing in that economy.

Mr. Connor's assessment of the present situation in Russia is in sharp--and somewhat welcome -- contrast to the barrage of anti-Russian rhetoric in the news these days.And his experience there over the past several years make him solidly qualified for that assessment.

Mr. Connor does not write in generalities.He names specific areas in which to consider investment and specific companies within those areas.
I found the chapters on Russia's vast reserves of mined resources...its production of oil and natural gas...and the growth of its information and communication business a fascinating read.

Every U.S. investor should glom on to a copy of "Out of the Red".



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