Dear Mr. Lifson,
As to your today’s article about Russia you are right on money.
During my 17 years in States I used to tell many people, with whom I worked, that I would be more than happy to work as a business consultant for companies planning to deal with Russia.
The only advise would be – ‘Never, ever invest even a penny into Russia unless you at any moment are ready to write-off money as a total loss, and do not shed a tear’.
As you guess everybody laughs hearing it and nobody pays even a penny for such an advise.
West was supposed to learn this lesson in the last 90 years, but, alas, never did it and there is no even a glimpse of hope on the horizon.
I wish you a Merry Christmas and a Happy New Year.
Truly yours,
Dr. Leon Iofin
