Last year, I wandered off to Uzbekistan for a month. Why? The macro case was just too compelling for me not to go there (I wrote about it here).

It was a busy month. I met with lawyers, bankers, real estate agents, academics, investors, locals, expats and many more.

I wrote about:

I also did some touristy things and took some cool pictures on the old Silk Road.

The Wandering Investor off-duty. Samarkand, the historical Silk Road city.

But what did I end up investing in?

I went there with the intention to buy real estate. Instead, I came back with a local brokerage account. The opportunities in the Taskent stock market were just too glaring.

In this video, I have an interesting discussion with Scott Osheroff, the chief investment officer of AFC Uzbekistan Fund. We discuss the reforms in Uzbekistan, the country’s booming demographics, the sound fiscal and monetary policies of the country, why the stock market in Uzbekistan is poised for growth, and he even shares one of his favourite companies.

You can access the video here.

If you feel (very) adventurous and would prefer to trade directly yourself, I can put you in touch with a reliable broker in Uzbekistan. Just send an email to

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To a World of Opportunities,

The Wandering Investor

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