JIM ROGERS

JIM ROGERS

Friday, September 16, 2011

Jim Rogers: A Bull in China

An interesting 50 minutes Interview with legendary Investor Jim Rogers by ItsRainmakingTime on a Sunday morning in Singapore with Jim Rogers as he works out on his stationary bike...  
Jim Rogers : when I did my homework I found out that there was no decent index for commodities which made me even more optimistic about commodities , so to put my money into an index in commodities the only way I could do it is to start my own index , I would not any of my money in any of the existing commodity indexes at that time , ....One of the existing indexes was by Goldman Sachs and I am not speaking on their back , when I looked at it it was about 65 percent oil I said what kind of index is that but more importantly I found out that they change it very dramatically every two three years they change it depending on what goes up in price well I do not like to buy things when they already go up , so I said well I can't invest in this index because if you invest with Goldman Sachs you will have no idea what you going to own in 3 or 4 years and they have no idea either because it always changes .......


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 "