People Pay too much Attention to GDP Growth Figure

Q: I know you are not very gung-ho on emerging markets as a whole, but what is your view on India in specific? Would you have a target for the Nifty that you can share with us? The domestic cue that we are working with would be the state assembly elections and the national elections later next year. Would that change your opinion or maybe help your view towards India in specific?  Marc Faber : We are down in India from the early 2008...

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Faber : I think Banks (in India) are very Inexpensive

Q: Do you have any select stocks or sectors that you are taking positions if in case within India?  Marc Faber : I think banks are very inexpensive. - in moneycontrol ...

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George Soros racks up stake in newly-floated Hibernia REIT

Legendary billionaire investor George Soros is one of the biggest backers of the €365m Hibernia REIT, the property investment vehicle that floated last Friday. The Soros-run Quantum fund has an 8.22 per cent stake in the Hibernia REIT, which was set up to invest in the Irish property market recovery. Soros, known as the "man who broke the Bank of England" for his bet against the British pound in the 1992, has invested in Irish groups...

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