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, December 5, 2011
Europe is just pushing the problem out into the future
Legendary investor Jim Rogers interviewed by Yahoo Tech Ticke on this 05th Dec 2011 : "We're going to let the banks who made mistakes go bankrupt, we're going to let Greece go bankrupt, we're going to take massive losses, we're going to ring-fence the system and start over,That would be a solution to the problem.Then you wouldn't have massive overspending ,you wouldn't have massive debt generation and Europe would be a sound economy and a sound currency again , is it going to happen ? NO they are going to do something which is going to push the problems out into the future and Jeff next year we are going to have this same conversation about 'can they do something to pull us back from the break "
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 "