Recently I was speaking to the Chameleon. I’m sure all of you might be remembering him from my earlier posts here. He has sold almost all his Pound, Dollar and Euro holdings. He in fact even sold a couple of investment properties he owned in
He jokingly told me that when even Standard Chartered is coming to
All his money is now coming to
Once again if you were to just convert your Pounds, Dollars or Euros to Rupees and do nothing else, you would once against lose money. With rapid growth of wealth in
Investors like the Chameleon send their money wherever their money can grow and multiply. It isn’t emotional or personal. The world power is shifting from the West and this is a reality. One of our Happionaire family members was asking us about Africa, well it makes great sense to invest there - but in terms of capital and general security as well India is a better option. If someone has the time and inclination, there is nothing like starting your own farm - but make sure you are physically present or visit your farm at least once in a week. Best would be to grow basic fruits and vegetables, with rising food inflation you can really benefit. See the prices of just tomatoes -how much they have risen. If they go up from Rs. 20 to Rs. 40, you will have no option but to still buy.
Fellow Happionaires have been asking me a lot about
For instance in
Governments run by politicians and bureaucrats who enjoy wasting public money, shouldn’t be bailed out. They should be punished. I wrote in details about this in Happionaire's Cash The Crash, the same continues to apply, so irrespective of whether it is
For instance if Long Term Capital Management, the hedge fund, was not bailed out in 1998, almost certainly other financial institutions and hedges funds would be more careful. Ten years later, Lehman Brothers would have not gone bankrupt because they would have gotten their act together.
I can guarantee you that once the government sells Air
Let us allow countries to go bankrupt. They will arise out of it stronger and better. Let us allow people to feel a little bit of pain for the mistakes they have made, when a child burns his finger to a hot kettle he becomes more careful with fire. Were he to not experience any pain, he might have risked lives playing with fire.