Call to Action:

• For You: Write down a list of every country which you will exclude from investing for reasons such as this or similar. Stick to it.
• Support the Podcast: The best support you can give me right now is simply to give this podcast a rating and review in your podcast player. 

Mental Models discussed in this podcast:

• Corruption
• Property Rights
• Government Ownership of Means of Production

Please review and rate the podcast

If you enjoyed this podcast and found it helpful, please consider leaving me a rating and review. Your feedback helps me to improve the podcast and grow the show's audience. 

Follow me on Twitter and YouTube

Twitter Handle: @TreyHenninger

YouTube Channel: DIY Investing

Support the Podcast on Patreon

This is a podcast supported by listeners like you. If you’d like to support this podcast and help me to continue creating great investing content, please consider becoming a Patron at DIYInvesting.org/Patron.

You can find out more information by listening to episode 11 of this podcast.

Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode65

Two Key Characteristics Shared by Russia and China

• High Government ownership of key businesses
  • Could lead to corruption
  • Businesses could be influenced to make uneconomic investments
• I can't trust the numbers. (Due to the communist government)
  • Corporate frauds are more common
  • Both Russia and China have a critical lack of property rights.

Summary:

If you are going to make any investment you need to be sure that your principal is safe and a reasonable return on your investment is likely. Lack of strong property rights threatens my principal and government control of businesses threatens my reasonable rate of return.