Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Wednesday, August 21, 2013

I have been Shorting India due to many Reasons



The government and the Reserve Bank have announced a slew of reforms and policies this year to revive economic growth. What is your view on these measures?

Jim Rogers : I have been shorting India due to many reasons. The currency is in a mess, the country has very high debt, and debt-to-GDP ratio is going up every year. I am very concerned about the fiscal deficit and the current account deficit situation. The measures taken by the government are hopeless, they are making things worse. The measures for exchange control are bad and the restrictions on gold are making things worse. - in ET Now


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

How Jim Rogers would fix The Indian Economy



We have serious problems on the currency front and there are concerns over rising current account deficit . What would be your advice to policy makers?

Jim Rogers : I would make the currency convertible, open up trade and investments, so that people can freely buy and sell in the markets, whether it's in the stock market, bond market or commodity market. I would cut the deficit and the government spending in India. I would start paying debt. I would revive agriculture. The government has absurd restrictions in agriculture. India has been, and should be, one of the great agriculture nations of the world. It has land, soil, water everything, if you see the population, there are very smart Indians. There are enormous regulations in the country. Somebody should get rid of these absurd regulations, absurd bureaucracy, and start all over again, so that India can be a great nation again.


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

I don't pay any attention to Rating Agencies



There are fears of a sovereign downgrade for India...

Jim Rogers : I don't pay any attention to rating agencies as they do not make money for you, so why should you pay attention to them? If they file any downgrades, then you may find bottoms in markets, may be that would be a time to buy again.



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

India : The Government has made so many mistakes




India seems to have lost the opportunity to benefit from falling commodity prices and now with currency depreciation, commodity prices have become expensive. Where have we gone wrong in our policies?

Jim Rogers : The government has made so many mistakes, which has led the country into this position. Whatever happens now, it is not going to help India. If commodity prices go down, it will not help because the currency is going down. The government should realise that India has made mistakes, and it should start correcting those mistakes. The necessary actions may be painful for a while, but if you delay things, one has to pay a price. - in ET Now


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
Related Posts Plugin for WordPress, Blogger...