Jim Rogers: I’ve been there, and when I was were there were signs everywhere urging unification. In America, we are told it is an isolated, weird nation – a hermit nation. I went there and found that was totally false, like so much propaganda. Literally, there were signs everywhere that said “one nation,” “we want unity,” etc. They have been taught for many years to reach out for unification and the people are ready for it. I could see what was happening. They can see what is happening in China. All those lieutenants thirty years ago went to Beijing and Moscow. Now they are generals and they go to Beijing and Moscow, and they come home and say, “You can’t believe what has happened in Beijing, Shanghai, Moscow since they opened up – and we’re still sitting here in mud huts.” The old guy [Kim Jong-Il] knew this too. He lived outside, even if he was strange, the message got through. He didn’t want to return to North Korea, he wanted to stay in Hong Kong (I agree with him.) The kid there now [Kim Jong-Un] was schooled in Switzerland. He sees what’s out there. And they have their own needs, they need money, they need expertise, they need everything. It doesn’t make any sense for them to stay separate. I thought it might even happen under the father, but now that he is dead, it is going to happen much sooner. The main people against unification are the Japanese. Once you combine Korea, you have a country of 75 million people with huge natural resources in the north, vast cheap educated labor (at least disciplined labor) in the north, combined with capital and expertise in the south, all right on the Chinese border. They will run circles around Japan. Japan will not be able to compete with them, and the Japanese know it. Once there’s unification I am very optimistic, Korea might even be able to compete with China. [At the very least, Rogers has written that the South Korean female shortage will be met by North Korean girls.] - in The Motley Fool
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%.
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