The Inversion Investor

The Inversion Investor

Thailand & Romania - World Champion?

Peter Pham's avatar
Peter Pham
Dec 30, 2025
∙ Paid

I know some CFAs who value stocks in emerging markets.

I also know they don’t have the instincts to step into the tightest arena in the world — where outcomes resolve instantly — and still come out even 50/50 on their best day.

Valuation is an intellectual exercise.

User's avatar

Continue reading this post for free, courtesy of Peter Pham.

Or purchase a paid subscription.
© 2026 Phoenix Global Wealth Management · Publisher Terms
Substack · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture