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In episode 187 we welcome our guest, Kevin Carter. Meb and Kevin start the conversation with some background on Kevin\u2019s career, getting to know Burton Malkiel, and launching EMQQ.\xa0\nKevin offers some of his thoughts on investing in China, including his initial thoughts about the prominence of state owned enterprises. Kevin mentions that a key component to investing in emerging markets is that it\u2019s about the consumer. He notes that emerging and frontier markets are 85% of the world\u2019s people and almost 90% of the people under the age of 30, the GDP of those people are still growing twice as fast as the rest of the world, and their incomes are growing.\xa0\nKevin discusses that once he figured out that the indexes that were available to invest in these markets were allocated relatively heavily to the legacy, inefficient, state owned enterprise portion of economies, he got to work on building indexes that were more targeted to capture emerging market growth.\xa0\nMeb and Kevin then discuss the reality of emerging market allocations for most investors today, and talk about the current weights of emerging market indexes and the implications for investors.\xa0\nKevin gets into launching and running EMQQ, and how the index is constructed. He follows with a discussion on emerging market internet company valuations and the current pace of revenue growth.\n\xa0Meb then poses what he thinks is some of the most common \u201cpushback\u201d he hears about why people can\u2019t invest in China. Kevin addresses some of the arguments he hears for not investing in China, including made up numbers and communism and explains why he doesn\u2019t think there is a lot of merit to those arguments.\xa0\nAs the conversation winds down, Kevin covers his thoughts on India, which he thinks is a particularly interesting opportunity from the standpoint of population size and growth.\xa0\nAll this and more in episode 187, including Kevin\u2019s most memorable investment.\nLearn more about your ad choices. Visit megaphone.fm/adchoices