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10 Jun 2009

Stock Market Crash targets Rakesh Jhunjhunwalala and George Soros Equally


1. Rakesh Jhunjhunwala and George Soros are equally affected by market crash. However it is commendable for Mr George Soros who is a brilliant speculator, a hedge fund titan and a very generous philanthropist has stated openly without any inhibition that he has lost more money in India than anywhere else and it speaks of his magnanimity to accept his failures.

2. He even acepted the fact that he actually made a mistake in his judgment because he thought there would be some decoupling between the Indian markets and the rest of the world and as per his own words same did not happen

3. He has even gone to the extent of offering the advice to Obama, the Chinese premier and to Manmohan Singh; that they should invest more on infrastructure as he feels that stimulation of the economy is very important and he further asked them not to be too conservative and cautious in this aspect.


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