The Financial Life Edouard Carmignac

摘要

On Sunday Mar. 8,2009, fund manager Edouard Carmignac was wandering in a rice paddy near Chiang Mai, Thailand, doing some sightseeing after two weeks visiting companies in Asia. Equity markets around the world had tumbled to their lowest point in 13 years. "Markets were in absolute despair," Carmignac, 62, says. "The weekend newspapers were predicting the end of stocks. It was too good to be true."rnIn the following days, his Paris-based firm, Carmignac Gestion, poured more than $6.8 billion into stocks, the maximum it could invest under its charter. The timing was perfect: The market rebound started that very Monday.