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 19, 2011
U.S. Credit Rating should be BB
Jim Rogers : We are the largest debtor nation in the history of the world and the debts are going higher and higher by trillions, every two or three years. I don’t know. I don’t quite know how the ratings agencies work because I don’t pay any attention to them. You shouldn’t pay attention to them either. Nobody should pay any attention to them. They have proven many, many times in the last few years, they don’t know what they are doing. They have made huge mistakes, but I don’t know, BB or something like that. You know you’ve got a huge, huge debtor, the largest in the history of the world, getting deeper and deeper into debt. That’s not something that’s worth AAA. That’s not something that’s worth A in my view. - 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 "