Jakarta, CNBC Indonesia - Mark Mobius, who is widely recognised as a\npioneer in emerging markets investment, passed away on Wednesday at the\nage of 89. The sad news was announced via a statement on his LinkedIn\npage.<\/p>\n
Mobius was known as the \u201cIndiana Jones of emerging markets\u201d due to\nhis willingness to open up new jurisdictions, sometimes dangerous ones.\nHe relished the challenges.<\/p>\n
Quoting Reuters, in \u201cPassport to Profits\u201d, one of his many books,\nMobius wrote that volatility is not an enemy to be feared but a sign\nthat opportunities are near. The LinkedIn post did not mention the cause\nof Mobius\u2019s death.<\/p>\n
After investing in emerging markets for several decades, Mobius was\nstill promoting new opportunities as recently as January. Regarding\nVenezuela, he wrote, \u201cwith the departure of (President Nicolas) Maduro,\nwe may see a new political and economic order and the country could\nreopen to investors.\u201d<\/p>\n
His convictions shaped generations of investment managers and helped\nattract billions of dollars to markets once considered fringe.<\/p>\n
His books, part memoir and part tutorial, offered a deeply human\nperspective on global finance. In his 2012 book \u201cThe Little Book of\nEmerging Markets\u201d, he wrote that behind every balance sheet and stock\nticker is a community struggling to grow.<\/p>\n
\u201cIf you want to understand a market, start with its people,\u201d Mobius\nwrote, quoted from Reuters on Thursday (16\/4\/2026).<\/p>\n
That sentence summed up his belief that direct on-the-ground\nobservation was more important than abstract theory. He recalled that\nduring factory visits in Brazil, meetings with privatisation officials\nin Poland, and conversations with shop owners in the Philippines,\nopportunities revealed themselves to him.<\/p>\n
As executive chairman of the Templeton Emerging Markets Group, where\nhe worked for more than 30 years, Mobius travelled ceaselessly. He often\nvisited dozens of countries in a single year to seek undervalued\nbusinesses and underappreciated economies. He claimed to have visited at\nleast 112 countries.<\/p>\n
Mobius essentially became the public face of emerging markets\ninvestment just as that asset class began to take shape. His calm\ndemeanour and encyclopaedic knowledge reassured Western investors who\nwere uneasy about political risks, currency volatility, and opaque\ngovernance.<\/p>\n
Born to Puerto Rican and German parents in Hempstead, New York,\nJoseph Bernhard Mark Mobius received his Ph.D.\u00a0in economics from MIT in\n1964 with a thesis on communications satellites.<\/p>\n
He first studied fine arts, and in his life worked at a talent\nagency, as a teacher, and as a marketer of Snoopy products in Asia. He\nwas also a political consultant.<\/p>\n
In a company statement, Mobius\u2019s partners at Mobius Investments, John\nNinia and Eric Nguyen, will take over leadership responsibilities.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/legendary-global-investor-mark-mobius-passes-away-1776315079", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }