A Quote by Bill Browder
I grew up in Chicago, but for the last 28 years I've lived in Moscow and London, and am now a British citizen. From 1996 to 2005, my firm, Hermitage Capital, was one of the largest investment advisers in Russia with more than $4 billion invested in Russian stocks.
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The story started over a decade ago when I ran Hermitage Capital Management, the largest investment firm in Russia. I was very successful, but when I started to complain publicly about corruption at the companies in which my fund invested, President Vladimir Putin had me expelled from the country and declared a threat to national security.
I lived next to Russian soldiers. We had Russian army guys in our house when I grew up. We made lemonade for them; they were everywhere. I had a Russian school. I grew up with Russian traditions, I know Russian songs... it infiltrates me a lot. I even speak a little Russian.
We had a very good situation in 2005. The common budget had a volume of 80 billion dollars per year. Thousands of jobs were created in Germany by Russian investments. At the same time, a large number of German companies invested in Russia. There were countless cultural and social contacts.
I do not have voice for Russian music; I cannot be cute little peasant like in operas of Glinka or Rimsky-Korsakov. I am now never in Russia; I am Austrian citizen. But definitely I am Latin!
In the last 5 years, American employers have lost over $150 billion of productivity to depression alone. That is more than the GDP of 28 different States during the same period.
I live on a plane. I like to visit London. If I had to think where I could live if not Moscow, London would be my first choice, and second would be New York. In Moscow I feel most comfortable. I'm used to four different seasons; it's difficult for people in London to understand. People brought up in Russia like my kids want to play in the snow.
President Obama took charge of the Oval Office seven years ago. He promised a positive reset in relations with Russia. But with the radioactive poisoning of a British spy in London, the downing of passenger jets over Europe, and the aggressive advances of Russian forces from Ukraine to Syria, President Putin of Russia has rebuked Mr. Obama.
I lived in London for eight years and I like to say that I am two parts American and one part British because I lived there for a third of my life
I lived in London for eight years and I like to say that I am two parts American and one part British because I lived there for a third of my life.
If you want to talk further about a relationship with Russia, look no further than the Clintons. As we've said time and time again, Bill Clinton was paid half a million dollars to give a speech to a Russian bank, and was personally thanked by Putin for it. Hillary Clinton allowed one-fifth of America's uranium to - reserve to be sold to a Russian firm whose investors were Clinton Foundation donors. And the Clinton campaign chairman's brother lobbied against sanctions on Russia's largest bank and failed to report it. If you want to talk about having relations, look no further than there.
I lived in Moscow for four years and really, really enjoyed it, and I have a really deep love for the Russian language and Russian culture.
Back in 2005 and 2006, I argued as forcefully as I could, in letters to clients of my investment firm, 'Scion Capital', that the mortgage market would melt down in the second half of 2007, causing substantial damage to the economy.
I was a workaholic. I never stopped. I lived in fifth gear. I bought cars. I invested in stocks. I made more money than I had ever imagined.
"Bolshoi Babylon" is the work of filmmakers Mark Franchetti and Nicholas Read. Franchetti has been a Moscow-based journalist for 18 years. He won a British Press Award for his coverage of the 2002 Moscow theater siege in which 130 hostages were killed. He's covered Russian politics and the war in Ukraine.
The attitude of the West and of Russia towards a crisis like Ukraine is diametrically different. The West is trying to establish the legality of any established border. For Russia, Ukraine is part of the Russian patrimony. A Russian state was created around Kiev about 1,200 years ago. Ukraine itself has been part of Russia for 500 years, and I would say most Russians consider it part of Russian patrimony. The ideal solution would be to have a Ukraine like Finland or Austria that can be a bridge between these two rather than an outpost.
You go to any MBA program, and you will be taught the theory of the firm, that the purpose of the firm is the maximization of return on invested capital. I always thought this was a kind of lunacy.
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