If you want to become a proud owner of a Lamborghini or a Ferrari, please do not join the finance industry and instead become a farmer. No, this isn't a figment of our imagination but is a candid assessment of the world that we would live in 10 to 20 years from now and it has been made by one of the world's most successful and outspoken investors. The man in question is Jim Rogers. Speaking to India's leading business daily, the bow-tie sporting maverick opined that the world is shifting away from the financial types to producers of real goods and the transition could last for several years. Hence, ten years from now, it could be the farmers who will drive fancy cars while stock brokers will move around in tractors and taxis. Rogers also said that if the Indian government really gets serious about reforms this time around, then India would be the one of the biggest investment stories for the next twenty years or so. He was also worried about the fact that few of the developed countries like the US and UK are in real mess and could also have a run on their currencies. As for his investment ideas, Rogers continued to remain bullish on commodities as he felt it was the safest thing to do what with countries around the world resorting to printing of money
It is important to look at the holistic picture and have an individual opinion rather than get swayed away by the public consensus. This is the view of the man who pioneered the retailing boom in India - Mr. Kishore Biyani, the founder of India’s largest retailing company - Pantaloon. In an article in the Wall street Journal, Mr. Biyani wrote, "Almost daily doses of bad news on television screens and newspapers have possibly done as much damage to the economy as the events on either side of the Atlantic." I completely agree with him. Mr. Biyani’s predicament is based on the fact that an overwhelming majority of Indian consumers are self-employed, who can neither get laid off nor can have pay cuts. Consider some statistics he has provided. The share of the national income represented by proprietor-run concerns and partnerships is 35%. The share of companies is around 15%, government around 25%, and agriculture around 25%. Combine agriculture and the self-employed in industry a...
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