JIM ROGERS

JIM ROGERS

Thursday, May 23, 2013

Jim Rogers Interested in West Africa & bullish on Myanmar, Russia


Jim Rogers Interested in West Africa & bullish on Myanmar, Russia

JIM ROGERS BULLISH ON MYANMAR, RUSSIA


ANCHOR, OFF-CAM, (ENGLISH) SAYING:
Last time you were here, we spoke a bit about Myanmar. You're bullish on that country. How are you playing it?
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
There's one company that is listed in Singapore that I own and I've owned for a long time. But I don't know any other way yet. There is no stock exchange. They're going to open one in 2015 they say. But that's the only way I know to play Myanmar.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
And Russia? Last time you were here, you're also bullish on Russia.
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
I'm looking for ways. I've owned- I have a few small investments in Russia. I'm trying to find stocks or bonds but I don't want to buy the mainstream. I want to buy the different things. Maybe I'm being too- and I might buy the currency. I might buy the Ruble.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
Now Reuters is speaking to the President of Liberia. Does West Africa interest you? And if so, how would you play those types of markets, frontier markets in Africa?
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
Africa is extremely interesting to me. And most of them have stock markets. Ghana has a stock market, Ivory Coast has a stock market, Nigeria- there are stock markets you can play. I don't have investments in West Africa at the moment but I have had in the past. There are certainly plenty of ways to play it.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
You love gold. You're known as the Commodities King.
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
Yeah, I own gold. I'm not buying gold. I wouldn't buy gold now. I'm waiting for gold- I don't- in my view, the gold bottom, whatever the bottom is, hasn't been made yet. The final bottom- and I probably won't get it right. But if and when, I hope I buy more gold.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
And when, when would you buy more?
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
Tell me when the bottom ...


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

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 "