In the BRICS (Brazil, Russia, India, China, South Africa) countries, the rising middle class appears to be angry with their respective governments and have been demanding changes, reforms and better living standards. Governments of most BRICS countries—including India and Brazil—are confronted with the youth taking to the streets in protests. Do you think this can derail the emerging markets story?
Jim Rogers : It could derail, or it could open-up these countries further. If the billion plus people in India demand more and say the current system that is going on since 1947 is absurd, then it might make India a whole lot better. Compared to many of the countries globally, India was on top in 1947, but relatively India has only declined since then. Remember that you move from dictatorship to oligarchy to democracy to chaos—may be they will throw out these absurd oligarchs who rule India and then it may have a vibrant democracy and regain its proper place, its historic place in the globe.- in livemint
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%.