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%.
Monday, November 7, 2011
Jim Rogers bullish on alternative energy
Jim Rogers : I am very optimistic about energy sources , yes wind power , solar power and all alternative energy sources have a good future , now wind power and solar power are not competitive in a free and open market they are not competitive with oil or even coal right now , but the politicians love wind power , they love solar power for many reasons so they would subsidize it , eventually when the price of oil and coal goes high enough they will have to subsidize it even more , so if you could find companies with good management in alternative energy you will make a lot of money , but be very careful because all the governments around the world are subsidizing alternative energy and that attracts a lot of charlatans , a lot of crooks a lot of fast money types , so be very very careful , but if you can find the good ones you could make a fortune ....- in RBS Conference 22.11.2011
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 "