Turtle was not alone, Templeton too invested in this market.
In Pakistan, a market shunned by most institutional investors but which accounted for 5.3 percent of Templeton's Asian Growth Fund's portfolio, Mobius said the country's stocks were attractively priced at forward price-earnings ratios of less than 10.
Pakistan's stock market is Asia's top performer this year, up almost 10 percent on top of a 40 percent rise last year. Economic growth has averaged about 6 percent in the last five years, but the South Asian country has been plagued by political instability and militant attacks.
A Templeton spokesman said the firm's Pakistani investments included CB Bank, Oil & Gas Development Co (OGDC.KA: Quote, Profile, Research), Faysal Bank (FYBL.KA: Quote, Profile, Research) and Pakistan Telecommunication (PTCA.KA: Quote, Profile, Research).
"It's working out for us well," Mobius said, noting that recent elections had replaced an unpopular military-backed government with a civilian government that was likely to retain the previous administration's pro-private enterprise policies.
Risk comes with what we don't know. I feel it was less risky after gaining more knowledge about the subject. Beside watching what the expert is doing, the other factor affecting my thinking was there is a shift of economc prosperity from indstriaIized to agricultural and resource-based nations. Truth is the last 5% was from experience and gut feels but like Soros always says: I am fallible, I could be wrong, Investing emerging market is risky and volatile, however given enough time, these markets can provide satisfactory returns. I leave it to you to judge Templeton track records.