Jim Rogers: U.S. Presidential favorites clueless on economy .Jim Rogers predicts Obama will win the U.S. election but argues that none of the leading candidates have any idea how to get the economy back on track Jim Rogers: "....Of those three none of the above none of them have a clue of what's going on. You know they all have made a mess up it's so far and they will just make it worse no none of the above " Says Jim Rogers when asked who is his favorite candidate for the US presidential elections " That doesn't mean one of the three won't win , if I were a betting man I would bet that Obama would win he is a sitting president it is hard to defeat a sitting president anywhere in the world. You know he's spending lots of money and and printing lots of money. To make sure things look good this year so I would suspect he's going to win I didn't say that it was good for America I just said I suspect that's what's going to happen " Jim Rogers explained
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