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 : commodities are easier to understand and invest in than stocks
Jim Rogers : commodities are easier to understand and invest in than stocks , nobody could ever understand Siemens not even the chairman of Siemens because it has thousands of employees products suppliers factories , nobody can understand Siemens , but cotton ? we all know what cotton is , all you have to do with cotton is to figure out whether there is too much cotton or too little cotton , I did not say that was easy , there are millions of people trying to figure out all day whether there is too much cotton or too little cotton , but it is certainly a lot simpler , we all know what cotton is , we all know what orange juice is what oil is , we know what copper is , we do not know anything about Toyota or IBM or Siemens ...so if you can figure out whether there is much or too little , that's all you have to do and it is not easy but it is certainly a lot easier than understanding Siemens or Toyota ...- 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 "