Frontiersman: Don’t lose your shirt

Mongolia’s woes offer returns — and major risk — for frontier investors.

Frontiersman: Don’t lose your shirt

In one of the most bizarre moments of the Rio Olympics, Mongolian wrestling coach Tsenrenbataar Tsostbayar stripped down to his underwear in protest against a referee’s decision that cost his man a bronze medal.

Squeamish viewers should be thankful that Tsostbayar was distracted by the wrestling. If he was at home, watching the economy spiral out of control, he might not have stopped at his Y-fronts.

Mongolia’s economy has lost the most...

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