Smart money will spot opportunities

ET Gets Up Close & Personal With Jim Rogers

IF YOU are a fund manager or a banker, stay away from Jim Rogers. If you ask him for stock tips, chances are that the maverick American investor might persuade you to take up farming. For 10 years down the line, it may be the farmers who will be driving the Lamborghinis, and the stock brokers will be left with tractors or taxis at best. Bullish as ever on agriculture and commodities, Rogers, who lives in Singapore, is paranoid that the very measures to battle recession in the West could be harbingers of a bigger crisis for the world economy. "They all say, don't worry, we will reverse gear, and we will take the excess liquidity out in time. I don't believe them for a minute. No one has ever done it that way," he said in a freewheeling chat with George Smith Alexander andSugata Ghosh.
    Rogers, who was in Mumbai on Tuesday to attend a conference organised by Standard Chartered Bank, is sceptical of what the new Indian government would finally deliver on reforms. In the sub-continent, he is betting on Sri Lanka with the civil war there coming to an end. But even while governments and central banks may be making monumental mistakes, the 67-year-old investor is confident that smart money will spot opportunities even in turbulent times.

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