Red Notice, published in 2015, is one of the best books I’ve read recently. Written by investor and human rights activist, Bill Browder, it’s a riveting account of his experience investing in Russia from the early-1990s to the mid-2000s. Browder was galvanised into writing the book after one of his associates, tax-law expert Sergei Magnitsky, tragically died in November 2009 in a Russian jail. Magnitsky had been detained by Russian authorities for nearly a full-year without trial.
In 1996, Browder, a US-born resident of the UK, started his investment firm, Hermitage Capital Management, to invest in the Russian stock market. He thought that bargains were plentiful among Russian stocks because the country had exited communism and embraced capitalism, somewhat chaotically, only a few years earlier. In the process of unlocking the bargains, Browder became renowned for shareholder-activism in Russia and for exposing corruption within the country’s political and business elite....