Thursday, December 1, 2011

The Scandinavian currencies are less risky than other currencies

Jim Rogers : well Nicholas I own the euro first of all not as much as I used to but I own the Euro , I own some of the alternatives you just said , the world is full of risk right now especially with paper money, yes I own Scandinavian currencies because they are probably less risky than other currencies , to this point twenty years ago Scandinavia had the same problem , but in Scandinavia twenty years ago they sat down and said OK we've made mistakes you are gonna fail you are gonna survive we are going to start over , there was a horrible two to three years but since then Scandinavia especially Sweden had a wonderful rally for the past fifteen years or so and Sweden is now one of the most stable and sovereign countries in the world that's the only way this is going to solve the European problems -in CNBC interview 28 Nov 2011

Street Smarts: Adventures on the Road and in the Markets

Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "