Jim Rogers moved to Singapore a few years ago, and he has consistently told young, ambitious people that they should follow suit, leaving London and New York City behind. He’s been impressed with the dynamism and work ethic he sees in Asia, but now that India is facing serious problems he is looking to put his money elsewhere.
“In 1980, India was much, much more successful than China,” he says. “Since then, China’s run circles around there… [They’re] full of bureaucracy, full of crazy regulations and controls. Their currency’s not convertible — it’s a mess.”
- Source, Value Walk: