Jim Rogers : "I have never invested in digital companies,"
"I won't invest in something that I can't understand. And it's not productive. What is actually made? What is produced? How can it be used? What is tangible? Nothing. How many people actually understand what Google does? Can it be sustained, or is it just the next ‘big thing?' And how many ‘big things' have we had in history? Every decade there's some next ‘big thing' and the only ones who make money out of the next big thing are the ones who are there first." - in Gulfnews
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%.