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contrarian bets in the middle east

  1. 96 Posts.
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    Article in New York Times (5 April 2011) in respect of Thomas J Barrack Jr who runs Colony Capital which controls $36B in private equity and real estate investments around the world including $200M in the Arab world (including grocery stores in Syria).

    Some relevant quotes;-

    "Instability is nothing new in the region. It's been that way for 5000 years."

    "The Middle East is printing money and it's used to operating in chaos. In fact it tends to do better in times of chaos than it does in times of peace. Regime changes are just a fact of life."

    "Even though the West is thinking that this is a once-in-a-civilization kind of event, these events have taken place many times. The time to buy is when everybody else is running for the hills."

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