Rubles to Dollars: Making Money on Russia's Exploding Financial Frontier - Softcover

A psychiatrist who escaped the Soviet Union more than 20 years ago, Elder eventually started his own company to educate financial traders. His popular Trading for a Living (Wiley, 1993) is a psychoanalysis of trader behavior, drawing natural comparisons with gamblers. The new book describes the potential for profiting by investing in post-Soviet Russia, although "if you have less than $100,000 to invest in Russia, you are pretty much limited to mutual funds" (the one he mentions, Lexington Dialog Troika, lost about 80 percent of its value in September 1998). Unfortunately, the Russian market has collapsed since he finished writing. The first half of the book describes Russia's investment environment, which while entertaining seems misleading in many places. The second half describes Russian financial instruments and is more useful, providing a summary difficult to find elsewhere. Recommended only for academic libraries with an interest in the Russian economy.?Michael Neubert, Library of Congress, Washington, DC
Copyright 1998 Reed Business Information, Inc.