Friday, August 8, 2014

Jim Rogers on new government in India

The new government has done a lot of smart things in its previous positions. I am still in a wait and watch mode as regards India. The new government still doesn’t control the upper House (of Parliament), so, the Prime Minister can’t do everything he likes and the recent Union Budget really didn’t do very much. India still has a lot of internal problems. Though I am not investing right away, I am keenly watching the developments unfold.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.