Carlos Slim probably knows more about investing in emerging markets than anyone else alive.
Forbes Magazine named Mr. Slim the world's richest man last year. His holdings are currently estimated at $70 billion. His telecommunications investments in Latin American countries have been his best earners to date, but the multibillionaire is not stopping there. When he speaks about investment opportunities in new markets, you should listen.
Late last week, Carlos Slim announced his interest in one Latin-American country that many investors overlook.
The country he spoke about was not Mexico, or even the super-hot Brazil. Instead, Carlos spoke of the home of Colombian drug lord Pablo Escobar and the Medellin cartel. But his interests aren't narcotics.
Carlos Slim is investing in Colombia because the country has the potential to power the next generation of oil production.
