Warren Buffett Knows the Language of Investing
THE WORLD’S MOST INFLUENTIAL INVESTOR – WARREN BUFFETT IS ON HIS MAIDEN VISIT TO INDIA.. AND ITS CLEAR THAT THE INDIA GROWTH STORY HAS CAUGHT HIS FANCY… BUFFETT TOLD CNBC-TV18 THAT INDIA IS A DREAM MARKET, AND THAT HE HOPED TO PLAY A BIGGER ROLE HERE. THE ORACLE OF OMAHA AND SPOKE ABOUT GLOBAL RECOVERY, INDIAN ECONOMY, AND HIS SUCCESSION STRATEGY…
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For more news visit ? english.ntdtv.com Follow us on Twitter ? http Add us on Facebook ? facebook.com US Billionaire, Warren Buffett who is on his first trip to India likes what he sees there. Buffet ranked the third richest man by Forbes magazine says there is great potential for global growth. American billionaire Warren Buffett is looking to invest in rapidly growing countries. And the world’s third richest man sees great potential for global growth in India. [Warren Buffett, Investor]: “We want to go where the action is and the action is here.” Buffett is in Bangalore to visit a local tool making business in which his Berkshire Hathaway Inc. firm has a majority stake. He is also there because Karnataka state’s chief minister invited global investors to visit the state to check out investment opportunities. [BS Yeddyurappa, Karnataka State Chief Minister]: “Today is an historical day. I invited him for a global investors’ meet for next in Bangalore and really, those who want to invest in Karnataka is even very good strength to investors and I’m really very happy today that he has come all the way from there (US) to Bangalore.” While in India, Buffett is also in launching Berkshire’s insurance portal.
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Known as the man with the Midas touch, billionaire Warren Buffett chairman of Berkshire Hathaway in an exclusive interview with CNBC-TV18′s Shereen Bhan says the Indian touch came in through convincing associates, including likely successor Ajit Jain. However, he says M-^Sthe reason I am here is because of TaeguTec.M-^T^M
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Should you be looking at China or India to be doing business?
This is a question that several friends have asked me. The honest answer is “It depends”. What is your industry, what contacts do you have, and where do you want to be doing business. Both of these countries have growing economies and many opportunities. This question is similar to asking “Should I be looking at the US or Europe to be doing business?”
Despite this, it is possible to provide a little research that might help make a decision. I was given the advice that when try to make decisions, it is often helpful to try and see what decisions people with more knowledge are making. So in this case, I tried to think who did I know personnally or could talk to that knew more than me about India and China? I noticed that in my area there were quite a few native born Indians and native born mainland Chinese that had emigrated to my country. I figured they must know their home country, so I decided to ask them.
I asked each of these groups about their interest in returning to their homeland to start or do business. The answers were quite consistent among each group. Most all of the native born Indians had little interest in return to India to start or do business. On the contrary, most all of the native born mainland Chinese were very interested in the topic of returning to their homeland to start or do business.
This research, among other factors, convinced me that China was where I wanted to be.
Do your own research, and I look forward to seeing you in Beijing next time you are here.
Steve
Steve@YourGuideToChina.com
Steve Hubbard first came to China in 1988 and has been living and working here since 2006. He welcomes you to explore the opportunities here and looks forward to helping you participate in what will soon be the largest economy.
For more information about China check out:
http://www.YourGuideToChina.com
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We started in 1999 with a few India shows. Today CNBC-TV18 is this nations most watched English news channel. We follow the dollar with the same dexterity that we follow guar prices, from Warren Buffett to Mark Mobius to Ratan Tata they all rub shoulders on this channel. PART1
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