Jim Rogers : Well, it certainly looks very exciting, at least if you just look at the surface. The BJP did win a majority of seats in the Parliament, but it is interesting to know, and I have seen very little comment on this, that they had only got 31% of the votes. It is the lowest popular vote that any majority party has ever got in India.
So underneath, it is not nearly as exciting as it is on the surface. Now the new Prime Minister may be able to get things through, but remember, he has got an upper house where he has very little representation and most of the people in the upper house do not like him.
Therefore even if he is going to make changes, this is going to take at least a year before there is another election. So everybody is extremely excited, but I am a little sceptical. I am not participating and to my so ..
Therefore even if he is going to make changes, this is going to take at least a year before there is another election. So everybody is extremely excited, but I am a little sceptical. I am not participating and to my sorrow, I had missed it, but I feel a little skeptical. - in Economic Times
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%.
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