JIM ROGERS

JIM ROGERS

Saturday, August 13, 2011

Jim Rogers : The Ban on Short Selling is bad for the Market

Jim Rogers on FOX Business News 12 Aug 2011

Jim Rogers : we had a little bit of a panic last week , I am not convinced it is over yet the market may rally for a while , but no we have more bankruptcy to come we have we have more problems coming over the next couple of years .....whenever you interfere with the market you make things worse not better , I mean last time around even the Americans realized banning short selling make things worse it does not make them better , fortunately this ban in Europe is only for few days or at least they say it is , but short selling is good for the markets anybody who knows that knows that it helps market in the long run ...... If you look at Japan for instance in the 1990s they said we are not going to let anybody fail they had a lost decade in the 1990s and now they have had two lost decades the Japanese stock market is down 75 percent Liz from where it was 21 years ago , this idea that we could just put things out to the future and prop everybody up , you remember the term zombie banks , zombie companies , David is exactly right it does not work it makes things worse in the long run ....Scandinavia had a similar problem (as Japan ) they let people to go bankrupt they forced people to go bankrupt , they had a horrible two or three years years a horrible two or three years but since then Scandinavia had a great boom , Sweden for example is one of the best countries in the world for 15 years , you have to wipe out fail that's the only way you reorganize you start over , it is not fun but having 21 years of lost decades that's less fun .....


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%.






Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "