Russia looked attractively priced before the invasion based on risk premiums: Russian banks had lower spreads to US banks and higher real yields and dividend yields than justified by portfolio optimization.

factualpending

Speaker

Paul Podolsky

Evidence Quote

Russia looked pretty darn good before this. If you were to look at the risk premium on Russian banks compared to US banks, they were unbelievably attractive.

Source

Bridgewater Alum Paul Podolsky on What Russia Tells Us About the Future of the Global OrderBridgewater Associates
Created: 8/12/2026, 10:29:19 PM

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