Monday, October 24, 2011

Jim Rogers : Paper shelving on Wall Street & the City of London is finished go get yourself a farming or a mining degree

Jim Rogers : In the agriculture business it's been such a horrible business because we have shortages of everything , for the last thirty years you now have a shortage for fertilizers seeds and tractors , we have shortage of tractor tires even now because it's been such a terrible business and nobody is investing , we have shortage of farmers , most farmers in the world are old men because it's been such a terrible business . All these agriculture and mining schools can be full of people because that's where the great professions are going to be , farming is going to be one of the greatest businesses sectors professions of the next thirty years , go get yourself a mining degree if you do not want to be a farmer because that's where the great fortunes are going to be made in the next ten twenty thirty years The paper shelving on Wall Street and the City of London is finished , throughout history we had major shifts , we had periods where the financial community has been at the center of the world we also had long periods where agriculture or mining the people who produce real goods have been at the center of the world , we are now in a period of gigantic shift where we are shifting from Wall street financial ties to the people who produce the real goods and for the next twenty thirty years it is going to be those people who are going to be in charge

Street Smarts: Adventures on the Road and in the Markets

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 "