By James Gruber
Asia Confidential
In my experience, one of the singular best investment strategies is to buy assets/asset classes which are most reviled by investors. By reviled, I mean assets where a mere mention of you wanting to invest in them generates nervous sniggers among others, if not howling laughter. Where upon their mention, people hand you business cards, not their own but of nearby psychiatric centres. And where even friends start to doubt your sanity.
Examples include the Indian rupee, in free fall just four months ago on QE taper speculation and current account issues. It’s up 12% versus the U.S. dollar since bottoming, as shown below.