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January 12, 2002:    #6018    #6019

[Second Issue of the Day]

#7
"Adventure capitalist Dean LeBaron is the Indiana Jones of Finance. Follow his escapades in emerging markets and get an insider's view of the birth of capitalism in Russia and China. You'll be amused, entertained, and instructed. A must read."
--Bill Miller, CFA, Chief Executive Officer, Legg Mason Funds Management, Inc.

MAO, MARX, AND THE MARKET
Capitalist Adventures in Russia and China
by Dean LeBaron & Donna Carpenter

The Russian and Chinese markets are perhaps the two greatest dramas in our era as those two state-controlled economies took a leap towards a free market economy following the demise of their communist and socialist regimes. The world-shaking change of their vastly different transitions to free markets is immensely important to current and future politics and finance. Russia and China have potential as two of the largest markets in the world, and investing in them is both critical and perilous.

MAO, MARX, AND THE MARKET: Capitalist Adventures in Russia and China (Wiley; January 2002; $27.95; Cloth) is a unique firsthand account of the free market transformations in Russia and China from an investment legend. Sprinkled liberally with photographs, this engaging and thorough history of a modern free market revolution chronicles the experiences of investment visionary and maverick Dean LeBaron as one of the early institutional investors in Russia and China. Dean LeBaron's venture into these two markets, through his company Batterymarch Financial Management, combines practical business advice with important political and cultural lessons.

An intimate account of one capitalist explorer during the great economic transformation, MAO, MARX, AND THE MARKET captures the suspicions and friendships, the opportunities and fumbles, and the basic lessons and glorious technologies of these superpowers. Through anecdotes, insights, and predictions, LeBaron takes readers through the precepts, pitfalls, and profits associated with investing in emerging markets and the triumphs and tribulations of transforming state-run economies to free markets. From the character of the people to the quality of their leadership, this book explains how business is best conducted in these emerging markets.

MAO, MARX, AND THE MARKET prepares readers to invest in Russia and China, and beyond, by revealing the "variables" that can play into these markets. Detailing his struggle to create the "Soviet Companies Fund" in Russia during the early nineties, LeBaron offers candid advice and encouraging warning as to what to look for in Russia as economic obstacles fall by the wayside and the government becomes comfortable with Western investors. Turning to China, LeBaron provides an intriguing and successful case study with Batterymarch's profitable "Equity Fund of China" investment.

The economic futures of Russia and China may not be clear, but the firsthand advice in MAO, MARX, AND THE MARKET is - take the knowledge and experience of Dean LeBaron and get a head start in locating and successfully investing in emerging markets.

About The Author:

Dean LeBaron is an investment futurist. He founded Batterymarch Financial Management in 1969 and led the firm's pioneering advances in the mid-1970s in the application of computer technology and modeling techniques, first in the U.S. market and then in the international and emerging markets. LeBaron is also author of Dean LeBaron's Treasury of Investment Wisdom: 30 Great Investing Minds and Dean LeBaron's Book of Investment Quotations, both published by Wiley, and Ins and Outs of Institutional Investing, published by Nelson-Hall.

Donna Carpenter is an accomplished and skilled business writer with several books to her name.

MAO, MARX, AND THE MARKET
Capitalist Adventures in Russia and China
by Dean LeBaron and Donna Carpenter
John Wiley & Sons, Inc.
Publication Date: January 2002; $27.95; Cloth; ISBN: 0-471-15315-X

Wiley books are available at your local bookstore or by calling 1-800-225-5945. In Canada, call 1-800-567-4797.

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Dean LeBaron's Virtual Book Party!
You're invited to a first . . . a virtual global book party.
For one week beginning January 23, 2002, we'll have an online presence at www.deanlebaron.com/bookparty celebrating John Wiley & Sons, New York, December 2001 publication of a trilogy:

o Mao, Marx & the Market
by Dean LeBaron and Donna Carpenter

o Dean LeBaron's Treasury of Investment Wisdom
by Dean LeBaron and Romesh Vaitlingam

o Dean LeBaron's Book of Investment Quotations
by Dean LeBaron, Romesh Vaitlingam, and Marilyn Pitchford

Like a conventional book party, you'll be able to view and send messages to the authors and other partygoers you meet on the active party bulletin board. But there will be no specific physical place, or a specific time, other than the one-week span of the party. We expect the conversation to be lively, global, insightful, and fun. Dean and his co-authors will be available throughout the week, often online, to discuss current conditions, the books, or anything else. After all it's a party-although somewhat more like a partyline-and a number, or perhaps all, of the 30 investment gurus profiled in Treasury of Investment Wisdom will drop by to join the conversation.

We encourage you to have coffee, nibbles, soft drinks or something stronger while you're attending the party . . . we will.

Please join us at this unusual, precedent setting event. In the name of partygoers, we will make contributions to Russian and Chinese charities.

Where? www.deanlebaron.com/bookparty

When? January 23 - 29, 2002

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