Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Wednesday, September 16, 2009

We Need More Lehmans says Jim Rogers

lessons to be learnt from the Lehman

legendary Investor Jim Rogers says the financial system needs more failures like Lehman Brothers so that we can get out of the crisis for good .He wrote in the Financial Times :
We need some more Lehmans so we can get out of this.”

Greenspan and Bernanke introduced crony capitalism to the West, which is leading to a lost decade(s),” Rogers wrote.

“Market fundamentals are that failures should collapse and be replaced by creative new forces rather than being propped up as zombies. Financial institutions have been failing for centuries and the world has survived.”

“Letting Lehman fail was perhaps the only thing governments have done right during this whole drama, Rogers explained

Via

Jim Rogers on American National Debt

"They have more than doubled the American national debt in one weekend for a bunch of crooks and incompetents. I'm not quite sure why I or anybody else should be paying for this." Jim Rogers
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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