by Travis Johnson, Stock Gumshoe | April 30, 2018 10:47 am
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Source URL: https://www.stockgumshoe.com/2018/04/friday-file-part-three-india-fairfax-india-and-graham-value-conference-notes-and-thoughts/
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Brilliant summary on India Travis! Corruption is specifically not mentioned as a risk but, as compassion and spirituality makes space for greed…
Corruption is huge in India, as is bureaucratic molasses — that’s a lot of what reform is trying to address, having taxes instead of paying your local official directly and smoothing the process of starting or running a business. Don’t know if it will snowball into a market revolution or destroy society (or both), but hopes are high.
I sold my positions in India (ffxdf). I don’t like corruption.
moose