Investor and author Ruchir Sharma offered a candid analysis of billionaire support for US President-elect Donald Trump. The quote, from a well-known investment banker, summed up what Sharma considers a defining attitude: “I would rather vote for a crazy capitalist than an organised socialist.” According to Sharma, this line illuminates why influential financiers chose to back Trump in the election …
Investor and author Ruchir Sharma said while China’s stimulus efforts may help stabilise its economy, it will not be enough to resolve the country’s deepening financial crisis. In an interview with India Today News Director Rahul Kanwal, Sharma highlighted that China’s growth is unlikely to exceed 2.5% annually over the next decade. Given Trump’s history of pragmatic, deal-focused diplomacy, Sharma …
Ace investor and author Ruchir Sharma warned that Donald Trump is likely to impose more aggressive tariffs in his second term. "I think America has just become a much less dependable ally currently and tomorrow, if America sees it in its interest to cut a deal with China, for whatever reason, they're not going to think about 'Oh, India is …
Ruchir Sharma grew up in Delhi wondering what is wrong with socialism, but now he is grappling with what is wrong with capitalism. Strange as it might sound, Sharma writes that he is in agreement with a lot of what American Senator Bernie Sanders, who calls himself a socialist, says is wrong with capitalism. Sharma’s latest book was prompted when …
