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%.
Tuesday, August 9, 2011
Jim Rogers : the markets are not going down because of the S&P Debt Downgrade
Jim Rogers : my question is what took them so long why did not they go further , the United Stats is the largst debtor nation in the history of the world this is not news , I know you have to report you got a lot of viewers , this is not even old news , this is not news everybody in the market knew this , the markets are not going down because of this , the markets are going down because of many fundamental reasons , America got staggering problems Europe has problems China is slowing down , there are many reasons for the markets to go down , I am still an American citizens I pay American taxes and I vote in America , I have been shorting stocks I have been short technology stocks I have been short emerging markets , if we have huge panic and a huge collapse a selling climate I have to cover my shorts I do not particularly want to but I am not doing anything except watching with amusement , now if Mr Bernanke starts printing money again which is pretty clear that he will then I just have to buy more commodities buy more real assets because when they print money Maria , the only way to save yourself and even make money is to own real assets
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