Thursday, July 23, 2015

Jim Rogers sells his India holding

I bought some shares for the India reform story earlier, but sold those as there was no reform. Nothing has happened and so I sold my Indian shares.

But most people are still hopeful reforms will happen and these still are early days for the government…

That’s okay. Some people will make money in India. Narendra Modi has been in power for over a year, and virtually nothing has happened. He said he knew what he was doing while campaigning. He ran a state earlier, so what’s the problem now? Doesn’t he know what to do? Or can he not get it done? 

Anyway, I sold off my holding in India.

via Business Standard

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.