In this discussion with Maurice Jackson of Proven & Probable, I discuss the spread of fanaticism in South Asia, the political and social deterioration of India and Iran, and the risks these trends create for investors.

The discussion examines why the international media and investors often misunderstand India and Iran. Beneath the surface of growth narratives are jobless growth, social fragmentation, religious and caste conflict, institutional decay, and rising fanaticism. I also discuss resource-sector opportunities, including quality names and arbitrage situations.

Watch the full discussion below:

Key Takeaways:

• Why fanaticism is rising across parts of South Asia
• How India and Iran are often misunderstood by the international media and investors
• Why jobless growth and social fragmentation create political risk
• How religious, caste, and regional conflicts undermine institutions
• Why rational investors must separate quality companies from speculative noise and arbitrage opportunities