Jim Rogers : well, first of all, the economy is adjusting more and more and more. when oil ten years ago if you had oil was 100, everybody would have passed out and gone home, but now we have adjusted, oil has been over 100 for three or four years, people are adjusting, but it's going to continue to go higher, it's going to have an effect, but remember, some people will suffer, but the people who produce oil will boom as the price of oil goes higher. the people who produce coal the people who produce uranium, a lot of people boom when oil prices go higher. - in CNBC 06 Dec 2011
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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%.
Wednesday, December 7, 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 "