Murdoch on Russia: Sell Now

murdoch.jpg Media magnate and head of News Corp, Rupert Murdoch, has offered his two cents on Russian investment, as quoted in today’s Financial Times:

Speaking from Beijing, Mr Murdoch signaled News Corp’s growing enthusiasm for Asian markets – particularly India and China – while apparently cooling on Russia and Eastern Europe. “The more I read about investments in Russia, the less I like the feel of it,” Mr Murdoch said. “The more successful we’d have been, the more vulnerable we’d be to having it stolen from us. Better we sell now.”