Jim Rogers : "The headlines said that India is now going to open it up, so that people can invest in the Indian stock market. People were waiting for this for a long time. I may have covered my shorts and might even buy in India — but I realized, it is the same world, bureaucratic nightmare in India."
"One thing would be if you opened your economy, currency, stock market and commodity markets. If you opened everything, I would have to start getting very interested in India. I have talked to you before about the nightmare of bureaucracy and the regulations there. The government just keeps spending other people’s money. India is a single best country in the world to visit as a tourist, but one of the single worst bureaucracies in the world and one of the single worst places to do business. That can all change. It could be extremely exciting maybe not in 2012, but certainly after if the Indian government would ever get its act together. "- 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 "