Investing in Russia is a bold move. But is it a mistake?

Russian stocks are not a popular play. And they're a lot less popular now than they were a year ago. But Merryn Somerset Webb is hanging in there. Here's why.

Last week was a big week for finance. You probably didn't notice it happening (unless you are a reader of the Daily Record), but a small corner of the industry has done something that might play a small part in making all of our futures a little bit better.

These altruistic folks have opened a new library in Edinburgh: the Library of Mistakes. It is small just two rooms in a mews in the New Town. But it is dedicated to encouraging students, analysts and those planning to use the new pensions legislation as an opportunity to take responsibility for their own money to follow the advice of Eleanor Roosevelt.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.