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%.
Sunday, December 18, 2011
I am long the dollar although I am the biggest bear in the world on the dollar
Jim Rogers: I am long the dollar because of all of the chaos going on around the world and because people dumped the dollar. There was lots of selling. Everybody is bearish on the dollar including me. I am the biggest bear in the world on the dollar but when I saw everybody too bearish, I bought dollars. There is this chaos and I am afraid there is going to be more flight capital. People see the dollar as a safe haven. It’s not a safe haven. But since it’s still in people’s mind that’s why I still own the dollar. But when people start getting exuberant about the dollar, if they do, I’ll sell my dollars and I may never own the dollar again. - in The Street.com
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 "