India now flavour of the world: George Soros
Chairman of Soros Fund Management, George Soros believes that India is currently the flavour of the world and it has become important politically. According to him, India's growth rate has improved on per capita basis.
In comparison to China, Soros prefers India and informs that they have invested more in India. However, he clarifies that they have not invested USD 1 billion in India, as has been reported.
He feels China has the danger of a financial crisis due to non-democracy. He also adds that India earlier suffered from government intervention in policy.
He mentions that they have fairly large positions in some real estate, financial services and infrastructure sectors.
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Parting Thought:
- It has become fashionable at public companies to describe almost every compensation plan as aligning the interests of management with those of shareholders. In our book, alignment means being a partner in both directions, not just on the upside. Many 'alignment' plans flunk this basic test, being artful forms of 'heads I win, tails you lose.' - Warren Buffett
