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%.
Tuesday, October 4, 2011
The Indian rupee will be weak for a while
Jim Rogers : I know it has. I had noticed that. What has really happened is there is a flight into the US dollar, people would panic. Now the US dollar is not a safe haven. I assure you US dollar has got terrible problems and it is a very flawed currency, but in the panic, people are rushing into dollars because they do not know what else to do and that is going to continue to make the rupee and other currencies weak at least for a while. Now there should be a rally in the rupee soon, but as long as people are terrified, they are going to run into places like Swiss frank or the yen or the US dollar. So be prepared for weak rupee for a while.- in ET Now
Labels:Jim Rogers The Indian rupee
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 "