World's richest man says Argentina is great and predictable: “you can never get hold of dollars”

Friday, March 1st 2013 - 00:11 UTC

Full article 11 comments

Mexico’s Carlos Slim, probably the world’s richest man according to Forbes has referred to Argentina with certain irony when he was asked about the current foreign currency restrictions and changing regulatory framework implemented by the government of President Cristina Fernandez. Read full article

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Ayayay
Yeah, Carlos Slim didn't BUY YPF shares, he got them because the Eskanazis couldn't pay him back. AFAIK
Mar 01st, 2013 - 03:08 am - Link - Report abuse 0
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mastershakejb
lol, Argentina gettin dissed by its own investors/neighbors
Mar 01st, 2013 - 03:15 am - Link - Report abuse 0
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Stevie
This guy is no human example whatsoever. People like him are the reason the world goes hungry. For dollars, even his grandmother is for sale.
Mar 01st, 2013 - 08:29 am - Link - Report abuse 0
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Captain Poppy
Anti EVERYONE that speaks out against Argentina. Are we seeing a trend here yet?
Mar 01st, 2013 - 11:25 am - Link - Report abuse 0
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Philippe
Yes indeed, anybody who knows anything about fascist Argentina
knows how 'predictable' IT is!!

Philippe
Mar 01st, 2013 - 12:19 pm - Link - Report abuse 0
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Elena
Slim doesn´t have a monopoly, Slism has had at least three other companies openly competing with him since at least 10 years ago. What he does have is a dominance of the market in Mexico and a participation at other markets. That and a share in actions at other companies inside and out of the country. For him to have less dominance would be needed a lot more participation of different telecom companies and for them to offer good promotions. so far most have been way too quiet promoting themselves and similar in services.

And now, about the comment, I think it was taken out of context but then again he is known for being a little excentric, I it was taken from here: ”It is past 10pm and Mr Slim breaks off from the discussion to fumble with his cell phone, thumbing out a text message to a relative to come and pick him up. But before he goes, the conversation turns to Argentina. Most businessmen find its regulatory unpredictably and currency restrictions a stiff challenge. How does he find it?

“I like Argentina, a magnificent country,” he says. “It’s very predictable: you can always be sure you can’t get dollars there.”
http://www.ft.com/intl/cms/s/0/29917698-7d02-11e2-adb6-00144feabdc0.html#axzz2MJ6rXu3S
Mar 01st, 2013 - 04:47 pm - Link - Report abuse 0
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olibeira
You don't need dollars. You can use pesos. That way you have to reinvest the profits in Argentina. Not bad, hum.
Mar 03rd, 2013 - 01:16 am - Link - Report abuse 0
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Carlson
He must be so stupid in investing in Argentina then.
Mar 03rd, 2013 - 03:07 am - Link - Report abuse 0
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Elena
Well he does have a tendency to make risky inversions XD
Mar 03rd, 2013 - 06:58 am - Link - Report abuse 0
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Captain Poppy
He's done something right, he is a billionaire
Mar 03rd, 2013 - 02:04 pm - Link - Report abuse 0
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olibeira
He can always sell and pack his bags.
Mar 03rd, 2013 - 06:11 pm - Link - Report abuse 0
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