Jim Rogers Was Here!
Recently by Jim Rogers: Dow 1 Million? Sure, Why Not?
It came as a pleasant surprise and will certainly stimulate Colombo’s stock market which is yet to take off after the LTTE was defeated in May, ending over 25 years of fighting. Unknown to many, Jim Rogers, a 67-year-old entrepreneur who first started business as a 5 year-old selling peanuts and then went on to co-found the mega Quantum Fund with billionaire George Soros, visited Sri Lanka last week in a trip that would have raised a lot of interest if those, particularly, in the private sector were aware.
Rogers, an investor with an adventurous streak and frequently quoted by news media on investment options where he has said Sri Lanka is a better bet than India or China, had spent three days here and also visited Kandy. There was no confirmation as to whether he met corporate bosses or private sector executives and whether he came on invitation from the government (he had met mostly government bigwigs) or flew in as a tourist.
Rogers has said that he would recommend to investors the sectors that they need to put their money in, and if this is true, that’s a huge boost to Sri Lanka. Last month, a Central Bank team of officials went on an ‘investment update’ to Singapore, Hong Kong, the US – Los Angeles, San Francisco, Boston, New York, London, Bahrain, Dubai and Mumbai meeting some 105 big-time investors and explaining investment prospects.
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