Jim Rogers :....this is not necessarily a great world we are looking forward to , we got these great imbalances with assets in the east in Asia , huge debt in the west which can never be paid social unrest is going to get worse as inflation gets worse , we are going to see more countries collapse , no no when those kind of things happen one of the things that people always do politicians always do , they always blame three groups of people , they blame Foreigners because foreigners do not vote or do not have a say that's easy to blame foreigners , they blame financiers , Bankers people with money because everybody knows that the bankers are evil and selfish and greedy so it is easy to blame them especially if they are foreign bankers , and then they always blame the press because if the press did not lie about these problems they wouldn't have these problems so if you are a foreigner a banker or a journalist you better move because those people are going to get serious attacks in the future and there will be exchange controls in many parts of the world especially if war breaks up , cause during war time most places impose strict exchange controls - in TMRN Time Monk Radio - 2011-08-21
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