JIM ROGERS

JIM ROGERS

Wednesday, August 10, 2011

Jim Rogers on Fox Business News 08 August 2011

Jim Rogers interview starts at approx 10:18 in the video

Legendary investor Jim Rogers interviewed by Fox Business News on 08 August 2011 : Jim Rogers : when the market hits bottom I will probably add more agriculture , Mr Bernanke dos not know any better he is going to print more money and so are all the central banks and when they print money you better own real assets whether it is rice or silver or natural gas , I do not like saying this Eric but we are dealing with people who do not understand economics or finance or currencies .... I may have to cover my shorts to keep going down , they have pulled nothing out of the hat , you see gold going up like a rocket , I own gold but it is getting ahead of itself , you are exactly right , one has to be careful when you see a class like this , a panic climate .... regarding the oil prices going down Jim Rogers says : Oh Absolutely because the panic in the world and then the economy is going to slow down dramatically everywhere , ...the only good thing is , first of all I own oil but it is not good for my portfolio of course my shorts are going down lower but when the bottom hits I am afraid we all have to own real assets because they do not know hat else to do except to print money it is not good for the world .... you can own stocks if you want in the 1970s , stocks did nothing , stocks went down for most of them in the seventies , commodities had a staggering bull market one of the great bull markets in history , no Eric I am short stocks and I own commodities because in my view we are back in the seventies again which is not good for stocks ... I happen to be in Asia as you pointed out and let me tell you the stocks are down 4 , 5 percent too , so it is not just happening in New York it is happening everywhere ...
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 "