Mobius bullish on Thailand despite political strife

Emerging markets guru Mark Mobius says he continues to be bullish on the long-term prospects in Thailand despite the violence engulfing the country in recent weeks.

Templeton's Mobius, known as the ‘godfather of emerging markets', says he has seen numerous political clashes in the nearly 15 years investing in Thailand. Mobius believe this clash, the worst in two decades, will definitely result in political changes for the country. He says this makes him more bullish on the country. "While the current political crisis in Thailand poses big headline risks to stocks over the short term, it is not new or unexpected for the country," Mobius. "Since absolute monarchy was abolished in Thailand in 1932, there have been about 20 successful and failed c...