Legendary investor Jim Rogers was interviewed by BBC on 11 August 2011 : Jim Rogers : it is about time we lose faith in the policy makers because they were dead wrong , these are the people who got us into these situations and now we are realizing they do not know what they are doing you look at the central bank in America dead wrong about everything for several years , you look at the secretary of the treasury of the US , last two secretaries of the treasury , everything they have said have been wrong and the markets are catching up , you can puch the can down the road , and eventually people will say wait a minute these guys do not know what they are doing , the emperor has no clothes , in the US anyway the emperor has no clothes Mister Bernanke has been wrong for 400 weeks now and the market is catching on Mister Geithner has been wrong for 16 years in a row so now we all catching on to this , they are not going to get it right we will continue to have more turmoil and economic slowdowns for the next few years ....
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&amp;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