AccentWealth: John Kleinheinz's Wild Story of 1990s Privatization in Russia

The Accent Podcast

John Kleinheinz is the CEO of Kleinheinz Capital Partners, the investment advisor for the Global Undervalued Securities Fund, a global-macro-themed hedge fund that at its peak managed $4 billion. In the 1990s, he was a partner in an investment firm where he managed the Russia Value Fund, one of the earliest funds to invest in Russia, and formed at the inception of the Russian stock market following the voucher privatization program in 1994.

John is a Chairman of the Board of Overseers for The Hoover Institution and on the advisory board of SIEPR (Stanford Institute for Economic Policy Research).

John's adventures in 1990s Russia are the basis for Josh Haven's book The Siberia Job. After reading the book, I had to speak to John to dig deeper into the events described in it, and boy, did I enjoy it. We also discussed John's investment philosophy and where he sees value in today's markets.

This Episode is one of many on the Accent Wealth sub-channel on YouTube. If you enjoyed it, subscribe at www.Youtube.com/TheAccentPodcast

TIMESTAMPS

01:40 Privatization in 1990s Russia

05:20 Russian Gold Rush

11:10 Illusive auctions for Russian companies

13:45 The results of the Russian investments

18:20 Life in Russia and Co-existence with Mafia

24:15 Kleinheinz Capital’s areas of interest

31:35 Investment process

36:15 Japanese market

40:10 Texas Central

44:00 The Hoover Institution