George Soros has always been an enigma. He is one of the world’s greatest speculators, a disciple of the philosopher Karl Popper, a critic of capitalist excess and a philanthropist.
There are growing signs that Soros is examining India more closely. He came here at the end of 2006—and proclaimed that India was a far better investment bet than China. He has since then put money into companies here. This week’s $100 million investment in Reliance Entertainment Pvt. Ltd is his latest buy.
But it’s never so easy with Soros. Earlier this week, in a speech he gave in Senegal’s capital city Dakar, Soros had a few blunt things to say about Africa. He said China and India are the new colonists of the continent, as they hunt for minerals and oil. “They are in the process of repeating the mistakes that the colonial powers have made,” Soros told news agency Reuters.
Hyperbole perhaps. But it takes guts to be so harsh on a country that you are also keen to invest in.