Vladimir Putin, isn't a model leader. "He grew up in the KGB. He took control in a silent coup with the KGB. And he has been running the place like a KGB thug..."
Jim might not like Putin... But he believes he may be trying to turn his reputation around. And that's good for investors...
"Maybe [Putin] doesn't like being treated as a KGB thug." Rogers says. "He understands there has not been great prosperity in Russia in the past few years... I have the view that international capital is welcome in Russia. And if you go there and you invest, you will find opportunities."
"Everybody hates Russia for many good reasons... including me for a long time. That's usually a place that you should look, when people hate a market. And so I am looking." - in stansberryradio.com.
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%.
Wednesday, June 5, 2013
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 "