Mobius on his best and worst investments

Emerging markets veteran Mark Mobius says the best investment he has ever made was Chinese company China High Speed Gear.

In an interview with CNBC, the executive chairman of the Templeton Emerging Markets Group says the firm made 17 times its money on the stock, which has grown over 1000% in a year and a half. Conversely, the worst investment decision he has made was a company in Asia dealing with pulp and paper, the manager says. "It was a big, big investment," he says. "In fact, our company had both fixed income and shares in the company and we must have lost about 60% of our money on that, and the company went under. "There was a lot of fraud involved and something that we really missed in talking...