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, November 8, 2011
Jim Rogers : I do not expect the US government to go bankrupt anytime soon
Jim Rogers : ...I do not expect the US government to go bankrupt anytime soon , just because I am short government bonds means I think the US will go bankrupt , I do think it will go bankrupt eventually but that's years away , we had a big bear market in bonds from 1946 to 1981 bonds went down for 35 years in the US , The US did not go bankrupt when bonds went down for 35 years so you can have a bear market in bonds without bankruptcy .....- 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 "