Yury Legkov General Director of the investment company 'Axioma' Country: Israel

Biography of Yuri Legkov

Yuri Legkov is the CEO of investment company "Axioma." He is a well-known figure in Israel and has been appearing on the Ninth Channel for several years. Legkov's company specializes in investment management, trust funds, and investment portfolios, with the aim of helping people multiply their money or minimize losses.

Legkov explains complex financial concepts in simple terms, making it easier for people to understand. He believes that investment should be left to the experts, just like any other profession. When people have spare money, they want to grow it, and that's where Legkov and his company come in. They help individuals find the right investment opportunities and distribute their investments among various options.

Legkov emphasizes the importance of assessing the risk involved in investments. He believes that anyone who wants to earn from investments should be prepared to tolerate losses. Legkov's company aims to determine the level of risk suitable for each client and align it with their goals. He often encounters clients who demand high returns without understanding the associated risks. Legkov educates them about the need to accept potential losses when seeking higher returns.

Yuri Legkov's journey to success in the banking and investment field is quite unique. After completing university, he began working in a bank and became an investment consultant. He gained experience in financial companies and even worked at the bank "Mizrahi" and the company "Africa – Investment Funds." Eventually, Legkov and his partners decided to establish their own investment company, leading to the formation of "Axioma."

While the global markets have been experiencing turmoil and uncertainty, Legkov's company has remained unaffected. This is because their investment strategies are based on mathematical models, which enable them to predict negative market trends in advance. As a result, they managed to exit risky investments well before the crisis hit, protecting their clients' assets.

Legkov explains the causes of the financial crisis, simplifying complex concepts for the general public. He attributes the crisis to human greed, particularly in the United States, where investment institutions distributed mortgage loans in pursuit of higher profits. These mortgages were given to individuals who were unable to repay them, leading to a collapse in the secondary mortgage market. Legkov highlights the role of banks in issuing bonds based on these risky loans, creating a pyramid-like structure. When the problems surfaced, it became evident that the banks had invested in assets that were essentially worthless. This chain reaction led to the collapse of banks and financial institutions.

In terms of the Israeli market, Legkov believes that a similar crisis is unlikely to occur. While he acknowledges the possibility of negative scenarios, he highlights the differences between the Israeli and American mortgage markets. Israeli banks require guarantees and do not grant 100% mortgages, reducing the risk of widespread defaults. Additionally, the country's previous experience with an economic downturn in the high-tech industry prepared it for potential challenges.

Regarding personal finances, Legkov advises caution and patience. He recommends avoiding making hasty decisions and not succumbing to panic. He encourages individuals to keep their money in short-term deposits and emphasizes the importance of checking the status of existing pension or savings programs without making immediate changes. Legkov believes that market fluctuations will eventually stabilize, and prudent investors will recover from any losses incurred.

In conclusion, Yuri Legkov is a reputable figure in the Israeli investment industry. Through his role as the CEO of "Axioma," he strives to simplify financial concepts and guide clients towards profitable investment opportunities. His experience and expertise make him a trusted source of advice during times of market uncertainty.