JIM ROGERS

JIM ROGERS

Thursday, September 22, 2011

Jim Rogers on the Trade war started by Brazil

Jim Rogers : Well David everything is being killed right now as you can see. partly as you may know Brazil has sort of ignited a trade war and then put on tariffs with the people in Asia and right now China's trying to get the Europeans to let them open up the trade with China more and the Europeans are saying, no. so china is saying no. we won't bail you out. so there are all sorts of trade tensions developing. and currency tensions , it is not a good world
well, I hope the trade war doesn't break out, you know, throughout history when you've had trade wars it's caused depression. you saw what happened in 1930. it led to depression. and ultimately it led to war. so I hope it can be contained. I was very surprised to see Brazil do that. one of their largest trading partners is China and yet they certainly -- and Korea, yet they certainly hit China and Korea with 30% tariff increases. it's not fun.

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 "