1/ How to invest successfully in Argentina: 1. Wait for the Peronists to win. 2. Buy up Argentine stocks. 3. Wait for the Peronist opposition to win. 4. Sell everything. 5. Repeat step 1. Original tweet in Spanish by @barondelmerval.
2/ I saw this tweet in Spanish yesterday and even though it is funny simplification, the general concept is valid. I would say the major issue is with Step 2. The Peronists can be in power for decades, which means things can always get worse and stocks can always get cheaper.
3/ The absolute best entry points over the last 2 decades have been a major international crisis combined with Peronists in power. That's about as safe an entry you can get for Argentine equities. Argentina's MERVAL index expressed in US Dollars 👇
@tselden @barondelmerval tan verdadero que duele
@tselden @barondelmerval How to invest in Argentina: don’t